Stuart Alderoty, the General Counsel at Ripple Labs, has once again criticized Gary Gensler, the Chairman of the United States Securities and Exchange Commission (SEC), in a tweet. Alderoty believes that Gensler views the judicial process as a weapon and sees Congressional oversight as a game of hide and seek. He also thinks that Gensler is no longer just a cryptocurrency problem, but a "We The People" problem.
Alderoty has previously criticized the SEC and Gensler for their attempts to regulate the crypto industry, while other stakeholders, including Coinbase CEO Brian Armstrong, have also joined in the criticism. The ongoing SEC vs. Ripple lawsuit is still awaiting a verdict, which Ripple expects to be issued within the next two to six months.
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