In a rollercoaster day for the crypto community, the SEC’s official X handle initially announced the approval of Spot Bitcoin ETF, sending shockwaves through the XRP community, while impacting the broader crypto market. However, SEC Chair Gary Gensler later claimed the account was compromised, leading to a vehement backlash.
Meanwhile, the aftermath witnessed accusations of market manipulation and a fiery response from the XRP community, questioning the SEC’s integrity. Amid the chaos, Ripple executives, including Chief Legal Officer Stuart Alderoty and XRP lawyer Bill Morgan, took to their X platform to express concerns and demand transparency.
Ripple Executives Demand Transparency from SEC
Ripple’s Chief Legal Officer, Stuart Alderoty, emphasized the need for accountability, citing the SEC’s own rules. Notably, Alderoty pointed out that within four days, the SEC should disclose the nature, scope, and impact of the incident, along with details on their cybersecurity threat pre
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