With the recent "Friendship Briefing" submitted by the American Stock Exchange Association (SEC) to support Ripple Lab, which clarifies the facts, Stuart Alderoty, Ripple's general counsel, criticized the actions of regulators on Twitter.
As for the introductions of several friends' cases that are beneficial to Ripple submitted in the past two weeks, the securities regulatory authority has given a resolution to get more time to submit the introductions of response cases. The American Stock Exchange Federation also stipulates that if there are more "friends" briefings, they should be submitted before November 21.
According to the document submitted by the SEC to Shevchenko's chief judge, Ripple has already allowed this.
According to Ripple CEO Brad Garlinghouse, more than 12 companies have recently submitted "friendship briefs" to apply the resistance of Ripple laboratories and regulators. This figure includes Coinbase, the largest data encryption trading center in the United States, which has been a company since last April.
Stuart Alderoty attacked the SEC on Twitter. He pointed out that with "more than a dozen separate voices" joining in the application of Ripple and "expressing how risky the SEC is", regulators only need more time to "blindly enforce"
At the beginning of October, Alderoty indicated on the podcast that if Ripple wins the SEC, this should be a great opportunity for the encryption space to be controlled concretely.