Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Ripple Chief Legal Officer: Court rules SEC's revocation of proxy advisory firm rules violates procedural law

Ripple Chief Legal Officer: Court rules SEC's revocation of proxy advisory firm rules violates procedural law

CointimeCointime2024/06/27 11:19
By:Cointime

Ripple's Chief Legal Officer Stuart Alderoty stated on Twitter that the court has once again ruled against the SEC, this time for illegally revoking the rules of a proxy advisory firm without following the Administrative Procedure Act. The court noted that SEC Chairman Gary Gensler personally instructed this illegal action. The case is known as "National Association of Manufacturers v. SEC". The case claims that the SEC's 2020 rule never went into effect and was revoked in November 2021. The revocation process began shortly after Gary Gensler became the new SEC chairman. In June 2021, Chairman Gensler instructed his team to reconsider the 2020 rule and suspended its enforcement during this period. For more information, please refer to the SEC's official statement.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

zkLend Exploiter Claims to Lose $9.6M Stolen Funds to Phishing Scam

The hacker responsible for the $9.6 million exploit of zkLend claims to have lost a significant amount of the stolen funds to a phishing scam that mimicked Tornado Cash.

DeFi Planet2025/04/01 19:33
zkLend Exploiter Claims to Lose $9.6M Stolen Funds to Phishing Scam

SpaceX Launches First Manned Mission to Orbit Earth’s Poles, Led by Crypto Entrepreneur

Elon Musk’s SpaceX has embarked on a groundbreaking mission, sending four private astronauts on the first-ever human spaceflight to orbit the North and South Poles.

DeFi Planet2025/04/01 19:33
SpaceX Launches First Manned Mission to Orbit Earth’s Poles, Led by Crypto Entrepreneur

Bitcoin Mining Shifts to Cleaner Energy as Coal Use Declines

Bitcoin mining has shifted towards cleaner energy sources over the past 13 years.

DeFi Planet2025/04/01 19:33
Bitcoin Mining Shifts to Cleaner Energy as Coal Use Declines