Ripple Fires Back at SEC's Appeal: "It's Embarrassing"

Ripple's legal advisor, Stuart Alderoty, criticized the SEC's recent appeal, calling it "disappointing and embarrassing." He noted the court had already dismissed the SEC's fraud claims, and Ripple might file a counter-objection. Alderoty described the SEC's actions as misguided, accusing them of enforcing regulations instead of following the law. He also hinted at issues within the SEC, pointing out the resignation of its chief just before the appeal decision.