Ripple’s Chief Legal Officer, Stuart Alderotti, has sued SEC Chairman Gary Gensler for his prior judgment on any enforcement action related to cryptocurrencies. asked to refrain from voting.

In a February 28 tweet, Arderoti hinted that Gensler’s statement that “all cryptocurrencies, except BTC, are unregistered securities” is evidence of his attitude towards other crypto assets.

Ripple formula Quote A lawsuit between Antonio and the SEC as a basis for his claims.

in the casethe SEC’s attempt to permanently ban the hiring of stockbrokers from brokerage firms failed because the regulator’s commissioner pre-determined the case in his public statement.

The court ruled that it had no way of ascertaining how the commissioner’s participation affected SEC deliberations, adding that the commissioner’s continued involvement in disqualification proceedings violated due process.

SEC Chairman Gary Gensler has repeatedly stated that most crypto assets are securities. Under him, financial regulators took enforcement action against several crypto companies for violating federal securities laws.

Meanwhile, the SEC and Ripple are embroiled in a legal battle over the classification of XRP.

By Jules

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