Ripple Executives Demand Transparency from SEC Amidst Controversy Over Spot Bitcoin ETF Approval

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Cointime2024/01/10 07:42

By:Cointime

The SEC's official X handle initially announced the approval of a Spot Bitcoin ETF, causing shockwaves in the XRP community and impacting the broader crypto market. However, SEC Chair Gary Gensler later claimed the account was compromised, leading to accusations of market manipulation and a fiery response from the XRP community. Ripple executives, including Chief Legal Officer Stuart Alderoty and XRP lawyer Bill Morgan, demanded transparency from the SEC and emphasized the need for accountability. The incident highlights the growing scrutiny on regulatory bodies and the demand for consistent and reliable communication in the crypto space, potentially paving the way for a more transparent approach from regulatory bodies.

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