XRP lawsuit: Gary Gensler, Chairperson at U.S. Securities and Exchange Commission (SEC), has again sent out shock waves in the crypto market with his latest claims over Bitcoin (BTC). However, the industry leaders have launched an attack against US SEC Chair for categorizing altcoins as “Security”.
US SEC Chair Forming Vague Narrative?
Stuart Alderoty, Chief Legal Officer for Ripple went on to correct Gary Gensler over his Bitcoin comment. He stated that US SEC Chair proclaimed that every other digital asset except Bitcoin is an unregulated security.
He suggested Gensler recuse himself from voting on any further enforcement case which involves the same concern. Alderoty claims that now the US SEC chair has prejudged the outcome of Antoniu v. SEC (8th Cir. 1989) case.
Ripple and US SEC are involved in a long running legal battle that will decide the fate of one of the largest crypto assets, XRP. Both parties are now waiting for the
