Ripple legal counsel Stuart Alderoty commented on the deal between BlockFi and SEC.
Ripple legal counsel Stuart Alderoty on twitter commented on the deal between BlockFi and SEC. He noted:
Nothing was ever “registered” per the BlockFi/SEC deal. What about the first two payments on the $100M fine? If they were made, did the SEC confirm BlockFi’s ability to pay and/or the source of funds? FTX b/cy shows a $250M loan to BlockFi and now customer funds are blocked.
Despite BlockFi ending up intertwined with FTX and customers left holding the bag, the SEC still markets the BlockFi deal as another “win” for regulation by enforcement. Oh, what a tangled web…