Ripple CLO Criticises Gensler’s Attempt To Defend His Hostility Towards Crypto
The post Ripple CLO Criticises Gensler’s Attempt To Defend His Hostility Towards Crypto appeared on BitcoinEthereumNews.com.
After Gary Gensler in his latest speech defended his stance on crypto, Ripple CLO Stuart Alderoty has taken to X to criticize him. He staunchly criticized Gensler for attempting to defend his hostility towards the crypto industry for four long years. In the latest X post, he shared- “Gary Gensler attempting to justify his four-year-long political crusade to destroy crypto by claiming he just continued what Jay Clayton started is like burning down the house and saying, ‘Jay lit the match—I just added the gasoline.’” Gensler, in his recent speech, stated that when he arrived in 2021, the Commission under Chairman Jay Clayton had already brought some 80 actions, including the Ripple case, against participants in the crypto markets that were not following the common-sense rules of the road. Gary Gensler attempting to justify his four-year-long political crusade to destroy crypto by claiming he just continued what Jay Clayton started is like burning down the house and saying, ‘Jay lit the match—I just added the gasoline.’ pic.twitter.com/I1XFxC1fsa — Stuart Alderoty (@s_alderoty) November 16, 2024 Gensler Faces Widespread Criticism Notably, 18 US state attorney generals have filed a lawsuit accusing the SEC of a constitutional overreach in crypto regulation. In a previous post, he had voiced that Gensler’s institutional damage to the SEC runs deep. He had also written that his legacy of undermining American innovation and failing to uphold the law is shameful. “With 18 states suing to hold him accountable, I look forward to him soon becoming an unfortunate footnote in SEC history,” the CLO Shared. With rising speculations about Gensler resigning the position of SEC chair, Gensler has also hinted in the speech that he would likely resign soon. Individuals like former SEC official John Reed Stark have called on Gensler to resign since Trump won the US…
Filed under: News - @ November 17, 2024 7:06 am