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    Home»Crypto News»Ripple Chief Authorized Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Launch – The Every day Hodl
    Ripple Chief Authorized Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Launch – The Every day Hodl
    Crypto News

    Ripple Chief Authorized Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Launch – The Every day Hodl

    By Crypto EditorNovember 26, 2024No Comments2 Mins Read
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    The chief authorized officer at Ripple Labs is coming down onerous on the U.S. Securities and Trade Fee (SEC) over what he perceives because the company bragging.

    In line with a brand new publish on the social media platform X from Ripple CLO Stuart Alderoty, the SEC is taking a look at its year-in-review incorrectly.

    Says Alderoty,

    “The SEC bragging about file fines collected is sort of a professor boasting about their highest-ever class failure price and probably the most dishonest scandals. It’s not a measure of success – it’s an indictment of oversight gone terribly improper, pushed by perverse incentives.”

    The Ripple CLO was responding to a brand new press launch from the SEC detailing its enforcement actions for the fiscal yr of 2024.

    “We introduced that the SEC filed 583 complete enforcement actions in fiscal yr 2024 whereas acquiring orders for $8.2 billion in monetary cures, the best quantity in SEC historical past.”

    The SEC shared a picture with a quote from SEC Chair Gary Gensler that learn as follows:

    “The Division of Enforcement is a steadfast cop on the beat, following the info and the regulation wherever they result in maintain wrongdoers accountable. As demonstrated by this yr’s outcomes, the Division helps promote the integrity of our capital markets to learn traders and issuers alike.”

    Final week, SEC chair Gary Gensler introduced he was leaving his place as Chair of the regulatory company.

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    Ripple Chief Authorized Officer Slams SEC for ‘Bragging’ About 2024 Enforcement Actions in New Press Launch – The Every day Hodl

    Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate internet marketing.

    Featured Picture: Shutterstock/Master1305





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