Ripple Legal Head Calls Out Former SEC Director on Malpractice

• Ripple CLO Stuart Alderoty mocked Bill Hinman on his promotion at a16z.
• John Deaton praised Alderoty on his remark, indicating he stands by the Ripple legal head’s opinion.
• Hinman has been called out multiple times for creating confusion about the crypto industry during his time at the SEC.

Renowned crypto attorney John Deaton praised Ripple’s Chief Legal Officer, Stuart Alderoty, on his quick humor regarding SEC’s former Director of Corporation Finance Bill Hinman’s promotion. On September 12, a Twitter user shared that Bill Hinman, who initially joined venture capital firm Andreessen Horowitz (a16z) as an advisory partner to the crypto team, was promoted to the special advisor position.

However, this news was not well received by the Ripple legal head, who highlighted malpractices followed by Hinman during his time at the U.S. SEC, including collecting funds from his previous organization. Furthermore, Alderoty quoted:

Wait, is it April Fools day? Shouldn’t this read “While a public servant at the SEC, he collected $15 million from his old firm, ignored the law and created even ‘greater confusion’ for the crypto industry

Alderoty’…

The post Ripple Legal Head Calls Out Former SEC Director on Malpractice appeared first on Coin Edition.