Ripple XRP Chief Legal Officer Roasts US SEC, Gary Gensler

Also Read: Mastercard Partners With Polygon, Solana & Others To Launch Crypto Credentials

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The debate around XRP not being a security arose again in the wake of Coinbase’s formal response to the SEC’s Wells notice saying the platform followed the securities laws in its United States operations. This, according to the XRP community, indirectly indicates that XRP was also not trading as a security before Coinbase delisted the altcoin in 2020 over the SEC lawsuit.

Stuart Alderoty Roasts SEC

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Stuart Alderoty, the Chief Legal Officer at Ripple, posted a hilarious image of an entangled goldfish in the waters, likening the SEC’s stance of controlling it, in the instance of the SEC supervising animal control. He shared the image in response to Gensler’s tweet on crypto platforms having to comply with securities laws and registering with the SEC.

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Meanwhile, the Summary Judgement in the XRP Vs SEC lawsuit is still awaited, amid expectations that Ripple would win the case.

Also Read: PayPal’s Crypto Push: Over 60 Million Venmo Users Can Now Transfer Crypto

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