Ripple CEO Says You’ll Be Shocked By SEC’s “Shamefulness”

Ripple – The defendants allegedly eventually succeeded in obtaining access to the internal emails and drafts of former U.S. Securities and Exchange Commission employee William Hinman, according to Stuart Alderoty, general counsel at XRP.

Ripple needed six court orders and 18 months to obtain access to these records. According to U.Today, the court has consistently dismissed the SEC’s claims of attorney-client and deliberative process privilege (DPP).

Alderoty now claims that it “was well worth the fight” after looking through the records. Ripple now feels “much better,” he continued, about its legal defense in the proceeding. He further adds that he currently feels even worse about the case. According to Alderoty, the SEC’s request has forced the materials to remain secret for the time being.

Shocking “shamelessness” – Ripple CEO

The “shamefulness” of the SEC, according to Ripple CEO Brad Garlinghouse, would shock people who have been following the issue. “The SEC wants you to believe that it is concerned with disclosure, clarity, and transparency.

They are not true,” Garlinghouse advised. After Hinman claimed that Ethereum wasn’t a security in his infamous 2018 statement, the SEC has been accused of favoring the cryptocurrency. The regulator has disassociated itself from the speech, asserting that the former official’s opinions do not reflect those of the organization.

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