Ripple’s legal chief, Stuart Alderoty, criticized the recent filing by the SEC as a “hypocritical pivot” and highlighted inconsistencies and a desire for expanded regulation by SEC Chair Gary Gensler. Alderoty also pointed out that Gensler had previously stated that crypto regulations were clear and should be followed. The SEC called for an interlocutory appeal and a suspension of further proceedings. In addition, Ripple’s acquisition plan and XRP’s price movement were discussed.
AI Sentiment: Negative
