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Ripple CLO Stuart Alderoty Calls SEC Filing "Hypocritical Pivot" in Ongoing Lawsuit

The SEC has filed a memorandum in support of its motion for an interlocutory appeal and against Ripple's request to reject an interlocutory appeal. Ripple's chief legal officer, Stuart Alderoty, has criticized the filing as a "hypocritical pivot" and accused SEC Chairman Gary Gensler of being manipulative and power-hungry.

Pro-XRP lawyer John E. Deaton has defended Alderoty's comments, citing federal judges' previous criticisms of the SEC's claims as arbitrary and capricious. The crypto industry and its leaders have urged the SEC to stop its irrational approach to regulation by enforcement.

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