In an interesting X post from earlier this week, former SEC Chief John Reed Stark issued a scathing rebuke of the SEC for its treatment of Ripple Labs in a years-long XRP lawsuit.
The U.S. Securities and Exchange Commission and crypto developer Terraform Labs have now filed dueling summary judgment motions, each… So, his opinion on the way his former employer has handled the XRP lawsuit against Ripple Labs carries some weight behind it. “As an aside, my hat still goes off to @JohnEDeaton1 and the XRP team for calling out the SEC for their disturbing practice of unilateral law-making from a podium, which the SEC similarly accomplishes via no action letters, interpretive releases and settled/consented administrative orders.”
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