Ripple and Elon Musk Highlight SEC’s Legal Missteps Under Gensler

Ripple’s legal chief Stuart Alderoty said that the SEC has gone “rogue” under Gary Gensler. Vivek Ramaswamy said that the SEC uses unconstitutional ways to further its goals. Alderoty proposed a discussion with Ramaswamy to hold the SEC accountable. The United States Securities and Exchange Commission (SEC), under outgoing Chair Gary Gensler, has faced backlash across various sectors; the latest as and when, the agency demanded a monetary settlement from Tesla CEO Elon Musk to avoid legal action. Vivek Ramaswamy, one of the earlier Presidential candidates, criticized the SEC on X (formerly Twitter), accusing the agency of undermining the rule of law. He argued that the SEC often “contorts its rules in unconstitutional ways,” leading to multiple legal defeats and eroding public trust. Ripple and Other Critics Take Aim at the SEC Canadian-American venture capitalist Chamath Palihapitiya emphasized that partisan regulators misuse their authority to target individuals they oppose. According to him, these tactics disproportionately affect those without the resources of figures like Musk. Holding the SEC Accountable Ripple’s chief legal officer… The post Ripple and Elon Musk Highlight SEC’s Legal Missteps Under Gensler appeared first on Coin Edition .