Behind the Scenes: Inside Ripple's Legal Battle with the SEC The Investigation In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, alleging that the company had violated securities laws by selling XRP, the third-largest cryptocurrency by market capitalization. This sent shockwaves through the crypto community and caused a significant drop in XRP's price. Ripple's Response Ripple vehemently denied the SEC's allegations, arguing that XRP is not a security and therefore not subject to securities laws. The company also criticized the SEC for failing to provide clear regulatory guidelines for the cryptocurrency industry, causing confusion and hindering innovation. Stuart Alderoty's Role As Ripple's General Counsel and Chief Legal Officer, Stuart Alderoty has been at the forefront of the legal battle with the SEC. He has been a vocal advocate for the company and has been actively engaging with regulators to...
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