#writetoearn #Write2Earn #TrendingTopic #TradeNTell #SECHacking $BTC $BNB $XRP Ripple CLO Criticizes Gary Gensler Amid SECâs DEBT Box Decision.
Recently Ripple CLO has spoken a lot on Gary Genslerâs role and Ripple vs SEC case complexities. His criticism is not isolated, as Paul Grewal, Coinbaseâs legal head, has also voiced similar concerns. Both Alderoty and Grewal are shedding light on what they perceive as flaws in the SECâs approach under Genslerâs leadership.
Alderoty recently said that the SEC, led by Gensler, seems to act without consequences, comparing it to a âpolice stateâ where accountability is lacking, which reflects his frustration with the agencyâs behavior.
Also, Grewalâs criticism of how the SEC handled the DEBT Box case makes people even more worried about how open and accountable the agency is. The fact that the SEC admitted to lying in the case but did nothing to fix it makes people wonder how committed the agency is to being fair and honest in how it enforces regulations. The DEBT Box case is a sheer example of the SECâs manipulative role in controlling crypto assets.Â
Critics accuse the SEC of playing politics instead of acting ethically. Lawmakers are also unhappy with SEC Chair Genslerâs approach to regulating cryptocurrencies, which they believe harms the industry. Talks are ongoing about regulating stablecoins, with some progress reported.
Overall, Alderoty and Grewalâs criticisms show bigger worries about the SECâs way of regulating under Genslerâs leadership. They show that the agency needs to be more open, accountable, and fair when dealing with bitcoin companies.