Ripple's appeal move against SEC: 'It's embarrassing for them'

The SEC's exercise of the right to appeal in the Ripple case yesterday evening also mobilized the other party. Stuart Alderoty, the legal advisor of the Ripple company, stated that they were also considering the possibility of a counter-objection and made harsh words to the SEC.

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The Ripple company was harsh on the objection of the US Securities and Exchange Commission (SEC) against the court decision. Stuart Alderoty, the legal advisor of the company, stated that they could also file a counter-objection.

“Embarrassing...”

Alderoty, who sent a long tweet over X, said the SEC's objection was disappointing and embarrassing:

“The SEC's appeal decision was disappointing and of course no surprise to us. In fact, this process, which has a clear end, will only extend it a little more. This whole process has become a shame for the institution. Already, the court denied the SEC's allegations of fraud, loss and victimization. The SEC is still trying to apply forced regulation instead of complying with the law. These policies under this president are giving a war message to the crypto world. The lawsuit filed by the SEC has been both unreasonable and misdirecting from the very beginning. We also think about the possibility of objecting and making this decision taken once again in the court of appeal.”

Alderoty also said for the resignation of Gurbir Grewal, the SEC's chief executive officer, "It is a coincidence that the SEC resigned an hour before the appeal decision," and made a significant comment.