Ripple vs. SEC: “Even the Supreme Court Can’t Tame the SEC”

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The U.S. Securities and Exchange Commission (SEC) filed a reply memorandum, seeking an intermediary appeal to challenge the progress of the case, even accusing Ripple of prolonging the legal process for its own benefit. Crypto influencer Mr. Huber makes a statement, warning that even a Supreme Court ruling might not be enough to rein in the SEC.

Ripple CLO’s Counter Punch

Stuart Alderoty, Ripple’s Chief Legal Officer, fired back stating that despite years of the SEC chairperson insisting that “rules are clear and must be obeyed,” the commission now pleads for an urgent appeal to solve “knotty legal problems.” Ripple is more than ready to hold the SEC accountable for its fickle stance.

Crypto Community Responds

Bill Morgan, an Australian lawyer, and digital asset enthusiast, criticised the SEC for mischaracterizing Judge Torres’s ruling. He also pointed out several discrepancies in the SEC’s portrayal of the court’s conclusions, essentially concluding that “The SEC is in trouble in this motion.”

Crypto commentator Ashley Prosper tweeted that the SEC is making a “mockery of the U.S. government and its judicial system.” Ashley also suggests that sanctions might be appropriate for what she perceives as the SEC’s abuse of judicial resources. She also urged the SEC to settle the case soon and allow companies to operate in the U.S. without fear of legal troubles.

With viewpoints fluctuating between criticism and support, one thing is crystal clear: the Ripple vs SEC case isn’t just a legal battle; it’s rapidly becoming a crucible for the future of cryptocurrency law in America.