Ripple Vs SEC: The XRP community slams former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton for spinning Judge Torres’ decision in Ripple vs SEC lawsuit that XRP is not itself a security.
Ripple Army Backlash Against Former SEC Chair Jay Clayton
Former SEC Chair Jay Clayton faces backlash from the XRP army after he commented on Judge Torres’ Ripple vs SEC lawsuit decision in an interview with Henri Arslanian, co-founder of Nine Blocks. He claims the SEC will appeal the Torres decision soon.
Pro-XRP lawyer Bill Morgan reacted to Clayton’s comments saying he is taking both sides after resigning from the SEC. He added that “certainly the SEC will appeal the Torres decision. I am sure he still has close contacts at the SEC.”
Community members including Mr. Huber questioned why Jay Clayton talked about the Ripple vs SEC lawsuit. The close to 3-year lawsuit Ripple battled was brought by Clayton before leaving the SEC, denying that he could not talk about the la
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