Ripple Labs Chief Legal Officer (CLO) Stuart Alderoty and the XRP community expressed support on the X platform for US SEC Commissioner Hester Peirce’s stance against the “unfair” circumstances in the LBRY lawsuit.
Alderoty thanked Peirce and suggested that when ongoing injustice occurs in non-fraud cases, especially when consumers are still awaiting resolution of actual fraud cases, it may be necessary to disregard standard protocol and raise concerns more directly, even An amicus brief may be filed to address this issue. (Cointelegraph)
Earlier today, Hester Peirce issued a statement on Friday saying that the SEC has taken many disturbing encryption enforcement actions, but the LBRY case is particularly disturbing and disappointing. Hester Peirce does not support the SEC's lawsuit against LBRY, but she was unable to express this view publicly during the LBRY case.