TechFlow news — Ripple's Chief Legal Officer Stuart Alderoty described the U.S. SEC's latest filing as a "contradictory shift" and believes it carries little weight. Following the Securities and Exchange Commission’s recent submission to strengthen its interlocutory appeal, Alderoty called the move yet another example of “hypocritical flip-flopping.” He highlighted what he sees as inconsistencies and manipulative behavior by Gary Gensler, along with an appetite for expanded regulatory reach. Alderoty pointed out that Gensler is now seeking an emergency appeal while simultaneously insisting that crypto regulations and rules are clear and must be followed by the industry.
John E. Deaton, a prominent attorney supporting XRP, noted that individuals unfamiliar with the SEC v. Ripple Labs case might find Alderoty’s response to the SEC harsh. However, for those familiar with the case, Alderoty's characterization of the SEC as hypocritical simply reflects the views already expressed by the federal judge presiding over the matter.
