.s_alderoty says that SECGov has created an uneven playing field with its approach to regulations
recently used a football metaphor to highlight the enforcement of rules. He tweeted that teams would start breaking rules without fear of penalties, which would make the game unfair.
Imagine a football game w/o referees. Without fear of penalties, teams start to break rules. The game isn’t fair & maybe after a few min, it isn’t fun to watch. Without examination against & enforcement of our rules, we can’t instill the trust necessary for our markets to thrive.Alderoty, however, criticized the SEC for using “regulation by enforcement” in order to achieve charity, claiming that it creates an uneven playing field that creates winners and losers.
Ripple CEO Brad Garlinghouse recently slammed former SEC Chairman Jay Clayton for adopting a pro-cryptocurrency after attempting to stifle the industry with the last-minute lawsuit against Ripple. Due to worsening pandemic conditions, Ripple and the SEC recently filed a joint letter, asking Judge Sarah Netburn to postpone the expert discovery deadline until Feb. 28. Expert discovery is currently scheduled to end on Jan. 19, but the judge is widely expected to approve the request. Eight expert witnesses are yet to be deposed due to travel difficulties and “unanticipated personal matters.” The postponement is not expected to affect any other deadline in the case.
Ripple is also expecting to get a court ruling on its motion to obtain internal SEC documents, which could possibly explain why
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