Ripple lawyer urges fact-check of Gary Gensler’s speech, says SEC actions seen as 'shady'
SEC chair Gary Gensler shared a speech on X (formerly Twitter), triggering heated reactions across the crypto community.
As Gary Gensler reiterates the United States Securities and Exchange Commission’s (SEC) mandate through a speech, Ripple’s lawyer and various crypto community members responded, criticizing the SEC chair and arguing that the commissioner’s words contradict his actions.
On Nov. 16, SEC chairperson Gary Gensler shared a video of him conducting a speech at the 2023 Securities Enforcement Forum. In the speech, the incumbent SEC chair highlighted the words of the first SEC chairperson, Joseph P. Kennedy, saying that the government agency should be “partners of honest business and prosecutors of dishonesty.”
As Joseph P. Kennedy, the first @SECGov Chair, once said: "We are not prosecutors of honest business, nor defenders of crookedness. We are partners of honest business & prosecutors of dishonesty. We shall not prejudge, but we shall investigate.”— Gary Gensler (@GaryGensler) November 16, 2023
Check out my recent remarks: pic.twitter.com/QM2zqj8PQs