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Ripple General Counsel Trolls SEC Case, Compares It to Spy Balloon Shot Down by US Military

Alderoty expresses confidence in Ripple’s defense.

Ripple general counsel Stuart Alderoty has taken a jab at the US Securities and Exchange Commission, likening its case against Ripple to the Chinese spy balloon shot down by the US military over the weekend.

The lawyer did this in a tweet yesterday. As highlighted by one user, Alderoty’s tweet has multiple implications. He could mean that the SEC’s case has been shot down by Ripple’s defense, is full of hot air, or is up in smoke.

Unsurprisingly, Alderoty’s tweet has attracted a flurry of responses from the XRP community, including from veteran attorney James K. Filan, who has continuously provided updates on the case. Filan, quoting the Ripple general counsel’s tweet, wrote, “nails it.”

(By OKOYA DAVID)

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