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Ripple lawyer accuses SEC of “hypocritical pivot” in latest filing.

Ripple Chief Legal Officer and General Counsel, Stuart Alderoty, has criticized the latest filing from the United States Securities and Exchange Commission (SEC) in the SEC vs. Ripple Labs case.

Alderoty described the submission as a “contradictory shift” and argued that it carries little weight.

In response to the SEC’s filing to strengthen its interlocutory appeal,

Alderoty took to X (formerly Twitter) to express his views, labeling it as yet another example of a “hypocritical pivot.”

He specifically highlighted the alleged inconsistency of SEC Chair Gary Gensler,

accusing him of manipulative actions and a desire for increased regulation while simultaneously claiming that crypto regulations are clear and should be followed by the industry.

It is worth noting that the specific dates pertaining to the SEC’s latest filing and Alderoty’s response have not been provided in the given information.

“Another SEC filing, another hypocritical pivot… After years of its chairman saying the ‘rules are clear and must be obeyed,’ the SEC now cries that an appeal is urgently needed to resolve these knotty legal problems.”

The SEC faces criticism from lawyer James Filan, who mocks the commission’s sudden interest in preserving judicial resources.

Filan highlights the SEC’s previous attempt to halt all proceedings in the case, suggesting a contradiction in their actions.

https://twitter.com/FilanLaw/status/1700236533117186084?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1700236533117186084%7Ctwgr%5E06878c818689a286a5fa2f82742af3f41523493f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fripple-clo-calls-sec-latest-filing-hypocritical-pivot

According to Pro-XRP lawyer John Deaton, individuals lacking familiarity with the case may interpret Stuart Alderoty’s response to the SEC as harsh.

However, for those familiar with the details,

Alderoty’s characterization of the SEC as hypocritical is seen as a reflection of the federal judge overseeing the proceedings.

In a separate lawsuit involving Grayscale, federal judges have openly criticized the SEC’s assertions,

deeming them “arbitrary and capricious.”

Furthermore, Chris Larsen, Ripple’s executive chairman,

anticipates that the SEC’s approach of utilizing legal actions to enforce regulations may soon reach a resolution.

PRO XRP Lawyer John Deaton

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