Ripple Labs and the SEC are in discovery for the remedies phase of the Ripple case until February.
Meanwhile, Gary Gensler recently gave a speech in which he quoted the first SEC chair, Joseph P. Kennedy. That’s what started the X skirmish between the Commission and members of the crypto industry.
Gary Gensler’s SEC Remarks Irk Ripple Labs
In his speech, Gensler touted the original SEC chair’s words as a model for the agency’s ethical behavior as a government regulatory agency.
“We are not prosecutors of honest business, nor defenders of crookedness. We are partners of honest business & prosecutors of dishonesty. We shall not prejudge, but we shall investigate.”
As Joseph P. Kennedy, the first @SECGov Chair, once said: “We are not prosecutors of honest business, nor
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