Ripple (XRP) Chief Legal Officer Stuart Alderoty shared a series of posts on account X at night. Alderoty, who manages the legal affairs of the leading altcoin project, spoke about SEC chairman Gary Gensler.
The Ripple executive, who sat behind the keyboard at around 3 a.m. Turkish time, reminded that the SEC chairman would speak in Congress in the coming hours. Stuart Alderoty, Gensler’s cryptocurrency holdings at congress “securities” He stated that there is a high probability of being identified as. The XRP legal officer is already confident that SEC chairman Gary Gensler will use this statement at the convention.
1/ The SEC Chair will go to Congress tomorrow and lie by stating that there is such a thing as a “crypto asset securities market” and tokens themselves are investment contracts. https://t.co/PxNhZEuDaF
— Stuart Alderoty (@s_alderoty) September 26, 2023
“SEC Chairman Gensler will go to Congress tomorrow. He will state that the crypto asset market is a securities market. Gensler will lie that the altcoin units contain an investment contract.”
Alderoty did not end his criticism of Gensler with a single tweet. Ripple manager, then a few more sentences founded. A representative should remind the SEC chairman of the July court decision, writes Stuart Alderoty:
“After this lie, perhaps only one representative will read the decision in the XRP case on July 13, 2023: “XRP, which is a digital token, does not contain an investment contract on its own.”
The chairman of the US Securities and Exchange Commission stated that he was very sorry in his statements after this decision.