Petition urges new SEC chief to drop Ripple case and end 'war against XRP'

A petition has been launched from Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), asking Ripple Labs and their executives to end the lawsuit filed over XRP tokens. The petition also demands "a thorough investigation into the lawsuits that led to a last-minute lawsuit against Ripple, to be appointed by former SEC Chairman Jay Clayton on the last day." Petition to End the SEC Case Against Ripple XRP Advocate Thomas Hodge launched a petition on Change.org urging SEC Chairman Gary Gensler to "end the war on XRP." Gensler is President Joe Biden's choice to lead the SEC, following the departure of former SEC Chairman Jay Clayton. "We are asking Gary Gensler, once confirmed as SEC chairman, to examine the SEC's claims to Ripple Labs and its co-founders, and the damage that the SEC's actions are already causing – and unnecessarily – to its owners. XRP digital currency SEC Ripple Labs announced in December last year. He sued CEO Brad Garlinghouse and co-founder Christian Larsen and claimed he had received $ 1.3 billion in XRP tokens without complying with federal securities laws. Also from Gensler: He asks Ripple to end its case and prevent the SEC from inventing cryptocurrency rules through lawsuits rather than correcting those rules, with editorial staff contributing publicly and partnering with the US Congress. In addition, the petition was quoted as saying to the Secretary General, former SEC Chairman Jay Clayto, on the last day of his term of office. It calls for full investigation of the lawsuits that led to a last-minute lawsuit against Ripple filed by n. ”The petition alleges Clayton and SEC's allegations. Chief Financial Officer William Hinman “is closely linked to financial interests in the following countries: Read more

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