Stuart Alderoty, legal director of cryptocurrency company Ripple, spoke about the behind-the-scenes of the ongoing case with the US Securities and Exchange Commission (SEC).
Ripple’s legal manager Stuart Alderoty about the ongoing lawsuit between them and the SEC spoke. From this 3 years ago today Referring to the SEC’s offer to Ripple, Alderoty said: Why did they turn down the offer? also explained.
The SEC gave them XRP as a mClassified as intangible assets that he offered to announce this to the public, from the company in the following process. expects it to comply with the terms of sale of securities quickly told.
Emphasizing that this offer is unfair, Alderoty stated that XRP is neither a security nor a security in the USA.et a regulatory framework He stated that it was.
Risking everything in the process To prove that XRP is not a security He stated that they fought a tough battle and eventually succeeded, even though no one believed it.
Stuart Alderoty during this 3-year trial The SEC is a two-faced tyrant While adding to their statements what they discovered 2024 pointed out the year:
Before the SEC sued Ripple, Chris and Brad (3 years ago today) offered us this solution: The SEC would announce to the market that XRP was a security, and the market would be given a short period of time to “adjust.” We said no because: (1) XRP is not a security; and (2) the SEC has never established a framework for crypto compliance.