Home Coins Other Ripple CLO Takes a Swipe at SEC Chair: ‘Runway Is Getting Shorter’

Ripple CLO Takes a Swipe at SEC Chair: ‘Runway Is Getting Shorter’

18
0

  • Ripple’s Chief Legal Officer, Stuart Alderoty, criticizes the SEC and hints at a dwindling timeframe for the regulator’s internal proceedings without jury supervision.
  • Analysts continue to predict bullish case scenarios for XRP expecting its price to surge 6000 percent next year in 2024.

Ripple CLO Stuart Alderoty is leaving no stone unturned when it comes to challenging the U.S. SEC. Ripple’s Chief Legal Officer (CLO) subtly criticizes SEC Chair Gary Gensler, while hedge fund founder George Jarkesy challenges the commission’s internal administrative proceedings in the Supreme Court.

In a recent tweet, Alderoty expressed his dissatisfaction with the SEC, highlighting the diminishing timeframe for the regulator’s approach to conducting internal proceedings without jury supervision.

The SEC v. Jarkesy case hearing will begin today at the U.S. Supreme Court. In this case, Jarkesy contends that the internal adjudication procedure, where an SEC administrative law judge presides without a jury, infringes upon his Seventh Amendment rights.

It is noteworthy that the SEC’s internal adjudication process often results in a decisive victory for the regulator against defendants, given that a single entity assumes the roles of judge, jury, and enforcer.

Ripple CLO Challenges the SEC

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here