SEC Faces Legal Setbacks on Crypto Rules Under Gensler
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SEC has suffered recent legal defeats under Chair Gary Gensler, concerning Ripple and grayscale.
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Ripple's legal chief Stuart Alderoty sees "troubling pattern" of SEC acting "arbitrarily and capriciously".
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Fifth Circuit Court ruled SEC's stock buyback disclosure rule was arbitrary, giving SEC chance to justify it.
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Judge Torres dismissed charges against Ripple execs Brad Garlinghouse and Chris Larsen in XRP lawsuit.
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Torres requested briefing on institutional XRP sales after July split verdict favoring Ripple on retail sales.