.Ripple's top lawyer has accused SECGov of misusing the judicial process
the regulator of treating the judicial process as a"weapon" and likened the regulator's attitude to Congressional oversight to a game of"hide and seek."
Alderoty, who made the comments in a tweet earlier this Friday, stressed that the issue was not exclusive to the cryptocurrency industry but represented a broader"We The People" problem. The lawyer's remarks come on the back of an ongoing legal feud between Ripple, the company associated with the XRP cryptocurrency, andThe regulatory body has leveled an accusation against Ripple, proclaiming the firm's XRP sale as an unregistered securities transaction. It insists that Ripple's distribution of XRP in essence mirrors a securities offering.
This legal battle, under the microscopic scrutiny of the crypto industry, has underscored the urgency for regulatory precision in the fast-paced, continually evolving landscape of digital assets.
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