Ripple CLO Says SEC's Crypto Security War is "Political Power Play"
Ripple CLO Presumes SEC is Political Alderoty shared a tweet in response to an earlier tweet from the company’s CEO, Brad Garlinghouse who accused the market regulator of leading a retail protection campaign that is hurting investors beyond imagination. advertisement Commenting on this, Alderoty said the SEC is exercising power in a market where it has no jurisdiction. The Ripple CLO noted that the SEC claims crypto are securities but when there is no security to pursue, then there is no role for the market regulator to enforce. In all, Alderoty is of the perception that the SEC’s actions are more or less a political power play that benefits no one at all. “A securities agency only has jurisdiction over securities. No security, no role for the SEC. Pretending to have jurisdiction when there is none, is simply a political power play. It helps no one; it hurts everyone,” he said in his tweet. The Ripple executives and stakeholders ...