Stuart Alderoty, Ripple’s Chief Legal Officer with more than 30 years of legal expertise, has called out the SEC’s chairman, Gary Gensler, for his evasive answers on a recent congressional hearing at the House Financial Services Committee.
Alderoty: “Gensler Didn’t Know What Hit Him Until It Was Too Late”
Through his X (Twitter) account, Alderoty questioned Gensler’s evasive answer after Rep. Ritchie Torres cross-examined the chairman, which turned into a series of roundabouts where he reminded Gensler to answer his questions directly and appropriately.
A must watch. For hours Mr. Gensler smugly evaded question after question (even laughing about how rich he is) until Rep. Torres took him out with a command of the law and a touch of South Bronx street sense. Gensler didn’t know what hit him until it was too late. https://t.co/RzAK4inkHE
— Stuart Alderoty (@s_alderoty) September 28, 2023
Rep. Torres asked several basic questions, such as whether an investment contract r
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