Ripple CLO: Gensler ‘Struggling Liability’ Amid Political Shift”
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- Ripple’s CLO, Stuart Alderoty, tagged SEC Chair Gary Gensler as “a struggling liability” amid speculation over spot ether ETF approval.
- Alderoty implied Gensler underestimated crypto’s resilience, leading to a political backlash.
- The SEC’s call to amend spot Ether ETF filings is perceived as a move to enhance crypto-friendliness ahead of elections.
Ripple’s Chief Legal Officer, Stuart Alderoty, referred to the US Chairman Gary Gensler as “a struggling liability.” Alderoty made this remark in a recent X post as the anticipation for the potential approval of spot Ether exchange-traded fund (ETFs) grows.
Reacting to the buzz surrounding the much-anticipated approval, Alderoty suggested that Gensler had “overplayed his hand.” He argued that Gensler initially saw the crypto industry as an easy target. Alderoty added:
“He relished being the guy that everyon…
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24d ago•
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