The credibility of the Securities and Exchange Commission (SEC) in the United States is being constantly tested, amid the regulator’s scrutiny on the cryptocurrency industry.
According to Stuart Alderoty, Chief Legal Officer at Ripple, the “SEC is getting battered in the court”, in both Ripple’s case regarding XRP, and, most recently, in Grayscale’s spot Bitcoin ETF case. In which the investment firm won against the US authority after Grayscale initiated a lawsuit against the SEC for rejecting the ETF.
The Chief Legal Officer posted on August 30 on X (formerly Twitter):
“In our case, it’s been proven wrong, been called hypocritical, lacking faithful allegiance to the law, fined for discovery abuses, and now another distinguished court saying it’s ‘arbitrary and capricious’ – that’s a really big deal.”— Stuart Alderoty (@s_alderoty)






All while Pfizer—a company with a $2.3 billion criminal fine for fraudulent marketing, bribery, and kickbacks—was given blanket immunity from liability and billions in taxpayer dollars to produce a vaccine in record time with no long-term safety data.










