In its latest move against Ripple under the current administration, the US Securities and Exchange Commission has done just that On the right track To file her opening brief in her appeal of the case later this week.
Stuart Alderotti, Ripple's chief legal officer, claims that his team has asked the regulator to agree to postpone the filing of the memorandum. However, the SEC refused to postpone that.
However, Ripple remains confident in its position on the appeal, according to Alderotti.
He added that the company "looks forward" to working with the incoming pro-crypto administration. Last month, Paul Atkins, a former SEC commissioner known for his libertarian views, was chosen to lead the agency.
Ripple CEO Brad Garlinghouse also said that the SEC's refusal to postpone the filing was very "convenient" for Gensler.
The SEC filed a notice of appeal in the long-running Ripple case in October. The company then responded with a cross-appeal
like Reported by U. TodayGensler recently defended the SEC's cryptocurrency crackdown during one of his final interviews as head of the agency, arguing that the industry was rife with nefarious actors. He also stated that the agency's enforcement actions were in line with the previous administration.
It is known that former SEC Chairman Jay Clayton filed the lawsuit against Ripple during the last days of his administration.
Alderotti previously urged the incoming SEC chief to put an end to all fraud cases against the cryptocurrency industry. However, it remains to be seen whether Atkins will give the industry a free pass.
Gensler will leave the SEC less than a week from now.
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