In a tweet on Sunday, Ripple General Counsel Stuart Alderoty highlighted the continuous shift in the US Securities and Exchange Commission’s claims during the two-year legal battle, describing the SEC as “the bouncing regulator.” In the tweet, Alderoty highlights two quotes from the SEC, the first asserting that the Howey test decided what constitutes an investment contract and the second implying that the Hinman speech should serve as guidance for market participants. (thecryptobasic)
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Ripple General Counsel Calls SEC “Bouncing Regulator” For Shifting Stance On Hinman Speech
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