Ripple’s CLO Calls Out Inconsistencies in SEC “Guidance” on Crypto

Ripple’s Chief Legal Officer Stuart Alderoty has reacted to claims by U.S. SEC Director Gurbir Grewal regarding the crypto industry’s purported noncompliance. On Wednesday, Grewal denounced the crypto industry during a segment of the “SEC Speaks” event sponsored by the Practicing Law Institute.  He addressed the agency’s longstanding criticism, including claims that the SEC engages […]

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Ripple’s CLO Calls Out Inconsistencies in SEC “Guidance” on Crypto

  • SEC’s Director Gurbir Grewal claimed the SEC acts with integrity in crypto regulation.
  • Ripple’s CLO highlighted the irony of the claim with instances when courts have rebuked the SEC for failing to act in good faith.
  • One such incident occurred when the SEC was sanctioned for gross abuse of power in its lawsuit against DEBT Box.

Ripple’s Chief Legal Officer Stuart Alderoty has reacted to claims by U.S. SEC Director Gurbir Grewal regarding the crypto industry’s purported noncompliance. On Wednesday, Grewal denounced the crypto industry during a segment of the “SEC Speaks” event sponsored by the Practicing Law Institute. 

He addressed the agency’s longstanding criticism, including claims that the SEC engages in regulation through enforcement. Grewal criticized the crypto industry’s alleged noncompliance as creative attempts to avoid “clear” rules.

In reaction, Ripple’s CLO Stuart Alderoty criticized the SEC’s director for claiming that the regulatory agency acts with integrity. Alderoty highlighted the irony of the claims by referencing several legal events where federal courts have rebuked the SEC for failing to act in good faith.

One …

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