Ripple’s general counsel accuses SEC of bragging about its 2024 enforcement actions in a new press release - The Daily Hodl
The SEC collecting record fines is like the way professors bragging about the highest rates of academic failure and the most high-profile cheating scandals in the classroom. It’s not a measure of success - it’s an indictment of a principal grossly misguided by perverse incentives
Ripple’s management has responded to a new SEC press release detailing enforcement actions for fiscal year 2024.
We announced that in fiscal year 2024, the SEC filed 583 enforcement actions and obtained a judgment of ¥8.2 billion, the largest in SEC history.
SEC, quoting SEC Chairman Gary Gensler, shared the following image:
law enforcement are steadfast police officers who obey the facts and the law, no matter where they lead, to hold violators accountable. As this year’s results show, the sector helps maintain the integrity of the capital markets for the benefit of investors and issuers.
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