Ripple’s top lawyer is urging SEC Commissioner Hester Peirce to speak out more forcefully against the SEC’s hostile approach towards the crypto industry. The lawyer suggests that Peirce file an amicus brief and take a more active role in court to address the injustices and disproportionate actions taken by the regulator. In a recent statement of dissent, Peirce questioned why the SEC targeted LBRY, a company that didn’t cause harm, instead of pursuing companies engaged in outright fraud. The lawyer argues that the SEC’s requested remedies in the LBRY case were excessive.
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