Very Hard Criticism From Ripple’s (XRP) Advisor to SEC Chairman!

of Ripple Its Chief Counsel lashed out at the SEC’s gaining political power.

Stuart Alderoty, Principal Advisor to blockchain company Ripple, has made new criticisms of the US Securities and Exchange Commission (SEC) in a recent tweet.

Ripple Chief Advisor Accuses SEC of Trying to Gain Political Power

Speaking at an economic conference recently, SEC Chairman Gary Gensler said: cryptocurrency He rejected the idea that a special arrangement should be made for his units.

Chairman Gensler has once again signaled that the commission will continue to apply existing rules to cryptocurrencies.

He also reiterated that the vast majority of existing cryptocurrencies are securities.

Another famous quote from Joseph Kennedy: “I wanted power. I thought money would give me power and so I made money, only to discover that it was politics–not money–that really gave a man power.” https://t.co/qZXQaiqlkY

— Stuart Alderoty (@s_alderoty) September 8, 2022

The SEC boss urged crypto platforms to follow the rules and voluntarily sign up for the commission.

XRP, He is fighting a tough legal battle with the SEC whose outcome is believed to have major implications for the cryptocurrency industry.

Recently, an XRP advocate and legal adviser, Attorney Jeremy Hogan, stated that the SEC’s allegations that Ripple is selling XRP as an unregistered security could be finalized in November.

XRP, the seventh largest cryptocurrency by market capitalization, reached the ATH level in 2018.

XRP has not come close to these levels for nearly five years.

While making many coin investors happy in this process, XRP could not make the expected leap.

Investors attribute this to XRP’s unsuccessful litigation process.

At the time of this writing, XRP was trading at $0.35.

*Not investment advice.