Ripple CLO: Gary Gensler is 'a struggling burden'

Ripple's Chief Legal Officer Stuart Alderoty described US SEC Chairman Gary Gensler as "a struggling burden" as speculation around the approval of a spot Ethereum ETF intensifies. In response to discussions about the US SEC becoming a hot topic before the election, Alderoty wrote on X: "Gary Gensler has gone too far." "He thinks cryptocurrency is an easy target," Alderoty said, "he is happy to be a person loved and hated by everyone. He thinks he can surpass congressional oversight. All of this is in the past. He is now a struggling political burden.