Ripple CLO Bashes SEC As ‘Police State’ Agency, Here’s Why
Summary
Stuart Alderoty, Ripple's Chief Legal Officer, criticized the SEC's actions under Gary Gensler's leadership, likening the agency's behavior to that of a "police state." He supported Coinbase's Chief Legal Officer, Paul Grewal, who accused the SEC of deceptive practices in the DEBT Box case. Alderoty also questioned Gensler's suitability for his role and criticized his leadership style. This ongoing dispute between Ripple and the SEC reflects tensions between the crypto industry and regulatory bodies. At present, XRP is trading at $0.53198.
