XRP Lawsuit: Ripple CLO Slams SEC’s Soon-to-Be-Revealed $2B Fine

XRP Lawsuit: Ripple CLO Slams SEC’s Soon-to-Be-Revealed $2B Fine

Ripple Chief Legal Officer (CLO) Stuart Alderoty has broken the silence on the recently filed remedies brief by the United States Securities and Exchange Commission (SEC) in the yet-to-be-concluded XRP Lawsuit.
XRP Lawsuit: Ripple CLO Slams Unrealistic Demand
Taking to the X platform, Alderoty revealed an important detail in the remedies brief filed by the SEC in which the regulator is requesting $2 billion in fines and penalties. 
Alderoty confirmed that the blockchain payments firm will be filing its response in March, pointing to the inconsistencies of the US SEC as a regulator that “trades in statements that are false, mischaracterized and designed to mislead.” 
The Ripple CLO pointed out that the market regulator stayed true to its “form” in this filing. Stuart Alderoty said rather than faithfully apply the law, the SEC has remained bent on its push to punish and intimidate Ripple and the broader industry at large.
As you will see when the SEC’s brief is made public to

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