Ripple CLO Exposes SEC Misconduct in Ongoing Coinbase Legal Battle
San Francisco – Ripple’s Chief Legal Officer, Stuart Alderoty, has taken to social media to reveal alleged misconduct by the US Securities and Exchange Commission (SEC) following a recent hearing involving popular cryptocurrency exchange Coinbase. In a post on Twitter, Alderoty challenges the SEC’s narrative and argues that their focus on whether investors are pooling their capital with the promoter’s efforts is fundamentally flawed. He cites the influential Revak case and asserts that the Howey test, which determines whether an investment is classified as a security, requires an investment in a common enterprise, not just … Read more