Ripple Files for Remedies Opposition, Accuses the SEC of Intimidation

• Ripple’s CLO Stuart Alderoty has accused the SEC of intimidation.
• According to Alderoty, the SEC is on an intimidation campaign against all of crypto in the US.
• Ripple filed an opposition to the SEC’s motion for remedies while making an entry of final judgment.

Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has accused the U.S. Securities and Exchange Commission (SEC) of intimidation following the ongoing case between Ripple and the regulatory commission. According to Alderoty, the SEC is on an intimidation campaign against all crypto in the U.S.

In a recent post on X, Alderoty confirmed that Ripple’s opposition to the SEC’s request for $2B in penalties for legacy institutional sales is now public. He noted that the SEC had no basis for such a request, following its lack of allegations or findings of recklessness or fraud against Ripple.

Alderoty further noted that Ripple had won the SEC on significant issues. He highlighted that his firm remains confident in the Judge’s ability to handle the final remedies phase fairly.

On Monday, April 24, Ripple filed an opposition to the…

The post Ripple Files for Remedies Opposition, Accuses the SEC of Intimidation appeared first on Coin Edition.