Here Are Top Instances US Court Accused SEC of Hypocrisy, Inconsistencies
Recently, the U.S. court ordered the SEC to explain why it should not be sanctioned for making false and misleading representations to the court. The court previously accused the SEC of inconsistent arguments and failing to act with a faithful allegiance to the law. In the Grayscale case, the court once ruled the SEC acted arbitrarily and capriciously. In a recent tweet, Stuart Alderoty, the chief legal officer of Ripple, raised awareness about the troubling pattern emerging within the U.S. Securities and Exchange Commission‘s (SEC) unyielding litigations against crypto firms. Specifically, Alderoty highlighted a series of court decisions that shed light on the SEC’s questionable practices and contradictory arguments. The first instance was a court ruling on July 12, 2022, in the SEC v. Ripple case. According to Alderoty, the U.S. court criticized the SEC for demonstrating “hypocrisy.” The court asserted that the SEC had presented inconsistent arguments and failed to act with a “faithful allegiance to the law.” – El tribunal determina que la SEC demostró “hipocresía” al presentar argumentos inconsistentes al tribunal y no actuar con “lealtad fiel a la ley”. SEC contra Ripple, 7/12/22 Furthermore, Alderoty highlighted that in a separate case between the SEC and U.S.-based exchange Coinbase, on June 6, 2023,
