Chair

Gary

Elon Musk

<ul class="wp-block-list news-points">
 <li><strong>Ripple’s legal chief Stuart Alderoty said that the SEC has gone “rogue” under Gary Gensler.</strong></li>
 <li><strong>Vivek Ramaswamy said that the SEC uses unconstitutional ways to further its goals.</strong></li>
 <li><strong>Alderoty proposed a discussion with Ramaswamy to hold the SEC accountable.</strong></li>
</ul>
<p>The United States Securities and Exchange Commission (SEC), under outgoing Chair Gary Gensler, has faced backlash across various sectors; the latest as and when, the agency demanded a <a href="https://coinedition.com/sec-vs-elon-musk-ripple-advocate-highlights-legal-inequality/" rel="noopener noreferrer nofollow">monetary settlement</a> from Tesla CEO Elon Musk to avoid legal action.</p>
<p>Vivek Ramaswamy, one of&nbsp; the earlier Presidential candidates, <a href="https://x.com/VivekGRamaswamy/status/1867399508163772588" target="_blank" rel="noopener noreferrer nofollow">criticized the SEC</a> on X (formerly Twitter), accusing the agency of undermining the rule of law. He argued that the SEC often “contorts its rules in unconstitutional ways,” leading to multiple legal defeats and eroding public trust.</p>
<h2 class="wp-block-heading" id="h-ripple-and-other-critics-take-aim-at-the-sec">Ripple and Other Critics Take Aim at the SEC</h2>
<p>Canadian-American venture capitalist Chamath Palihapitiya emphasized that partisan regulators <a href="https://x.com/chamath/status/1867371675689587006" target="_blank" rel="noopener noreferrer nofollow">misuse their authority</a> to target individuals they oppose. According to him, these tactics disproportionately affect those without the resources of figures like Musk.</p>
<h2 class="wp-block-heading" id="h-holding-the-sec-accountable">Holding the SEC Accountable</h2>
<p>Ripple’s chief legal officer…</p>
<p>The post <a href="https://coinedition.com/ripple-and-elon-musk-highlight-secs-legal-missteps-under-gensler/" rel="noopener noreferrer nofollow">Ripple and Elon Musk Highlight SEC’s Legal Missteps Under Gensler</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple and Elon Musk Highlight SEC’s Legal Missteps Under Gensler

Table of Contents

Coin Edition

Other articles published on Dec 16, 2024

Former RBI Governor Raghuram Rajan Joins Ripple Advisory

Qubetics the Presale Star With $6.8M Raised, Don’t Sleep on Chainlink or Cronos to Invest Now for...

Bitpanda Secures Key Approval to Revolutionize Crypto in Dubai

Australia chases AI industry growth via new national capability plan

Militant Groups Fuel Crypto Adoption in Syria’s War-Torn Regions

Crypto Trading Volume at Robinhood Surged in Nov as Exchange Added 420k New Users

Join our free newsletter for daily crypto updates!