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Ripple's Chief Legal Officer Exposes SEC's Unlawful Legal Practices in ongoing Legal Battle

The legal dispute between Ripple Labs and the US Securities and Exchange Commission (SEC) is still awaiting a ruling from Judge Analisa Torres. Ripple CEO Brad Garlinghouse recently stated that a ruling would likely come in “two to six months” rather than the first half of 2023. Despite this, Ripple’s Chief Legal Officer Stuart Alderoty continues to criticize the SEC and expose its unlawful legal practices.

Alderoty shared a court decision on Twitter that shows the SEC's "common enterprise" issue, which is a component of the Howey test. The pressure on Judge Torres is likely to be intense, especially in light of the US Democrats’ attack on crypto. At press time, XRP was trading at $0.4280, holding above the key support level of $0.4131 over the past few days.

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