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Ripple General Counsel: Ripple Files Answer To SEC's Amended Complaint

Stuart Alderoty, General Counsel, Ripple

Fri, 05 Mar 2021, 03:37 am UTC

Stuart Alderoty, the general counsel at Ripple, tweeted to state, "Today Ripple filed our answer to the SEC's amended complaint. Notably w/ full transparency to the SEC: XRP was listed on 200+ exchanges, billions of $ in XRP were bought/sold monthly, many market makers had daily XRP txns, & 3rd party products (not developed by Ripple) used XRP."

"We’re looking forward to learning more about the SEC's meetings with major XRP market participants who asked for guidance but were never told that XRP txns would be subject to the federal securities laws," he added in another tweet.

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