Ripple’s legal chief doubts SEC’s success in its cases against Ripple under Gensler.

Stuart Alderoty, a prominent figure in the legal world, has voiced his unease regarding the repeated arbitrary and capricious actions taken by the Securities and Exchange Commission (SEC) in court cases. Alderoty believes that these actions suggest a worrisome pattern emerging under the leadership of Gary Gensler, the current chairman of the SEC.

Alderoty’s concern stems from the perception that the SEC’s actions are lacking in consistency and are guided more by impulse rather than a solid legal framework. This unpredictability not only has implications for the defendants in these court cases but also creates an atmosphere of uncertainty within the financial industry. Alderoty emphasizes the importance of a fair and transparent regulatory environment, expressing the need for the SEC to take a more measured and consistent approach in its enforcement actions.

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