In a significant development in the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), Ripple’s chief legal officer Stuart Alderoty hinted at the imminent resolution of the case. Alderoty’s comments came in response to the SEC’s filing of its redacted relief response brief and supporting exhibits.
In a significant development in the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), Ripple’s chief legal officer Stuart Alderoty hinted at the imminent resolution of the case. Alderoty’s comments came in response to the SEC’s filing of its redacted relief response brief and supporting exhibits.
The SEC filing highlighted several issues, including the question of financial harm and the possibility of a permanent injunction against Ripple. The regulator argued for the granting of an injunction, citing concerns about the crypto company’s dependence on the sale of XRP as its main source of income.
Amid these legal maneuvers, Alderoty remained optimistic and expressed confidence that the lawsuit would soon be behind us. However, he also noted that while Ripple was nearing the end of its lawsuit journey, others were just getting started.
Alderoty’s comments also took aim at the SEC’s approach, accusing the regulator of flouting the law and trying to mislead the judge overseeing the case. He further criticized the regulator’s stance on cryptocurrency regulation, suggesting a lack of respect for international financial regulators.
Despite the challenges posed by the SEC filings, Ripple appears determined to see the case through to its conclusion. Alderoty’s comments indicate a sense of anticipation within the company, suggesting they believe a resolution may be on the horizon.
As Ripple’s legal team expresses confidence in the path forward, all eyes remain on the courtroom as the XRP case nears its conclusion.
