Ripple Chief Legal Officer: Gary Gensler’s words and deeds are inconsistent, and the SEC has become “insignificant” internationally

According to SEC Chairman Gary Gensler, he recently shared a video of his speech at the 2023 Securities Enforcement Forum, in which he emphasized the views of SEC's first chairman, Joseph P. Kennedy, stating that government agencies should be "partners of honest companies and prosecutors of dishonest companies". Ripple's Chief Legal Officer, Stuart Alderoty, responded by stating that Gensler's remarks should be fact-checked, as he had prejudged cryptocurrencies and sued others without investigation. Alderoty also emphasized that Ripple was sued but "never accused of dishonesty". He also accused the SEC of "dark behavior", criticizing them for becoming "insignificant" internationally.