'This policy of regulation by enforcement is a failed policy,' Ripple General Counsel s_alderoty says. He chats about the SECgov case, saying the agency is 'seeking to remake the law, and they don't have the power ... only Congress can.' Watch more:
Ripple General Counsel Stu Alderoty speaks to the hosts of “First Mover” about the latest in the SEC’s ongoing case against Ripple Labs.
After two years of litigation, both sides have filed motions saying the federal judge has enough information to make a ruling without taking the case to trial. In 2020, the SEC alleged that Ripple raised over $1 million by selling its XRP token in unregistered securities transactions.
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