Legal complaint has been filed against the SECgov by crypto-focused law firm Hodl Law PLLC. Nouriel CalvinAyre Ripple XRP
, also known as"Dr. Doom" for his accurate prediction of the mortgage market crisis of 2008-2009, who is also a vocal hater of crypto, has taken to Twitter to extend his disgust at the cryptocurrency space.about crypto-focused firm Hodl Law PLLC that has sued the U.S. Securities and Exchange Commission, saying that this is based on"totally bogus arguments." Among them, according to Roubini, is an accusation against the SEC about the recent collapse of FTX.
Basically, the crypto law firm accuses the SEC of three things: lack of regulatory clarity provided to the crypto space, violating the rights of legally approved crypto-financiers and"failing to provide 'fair notice' of its anti-crypto posture." Besides, the SEC exceeds its authority by practicing"regulation by enforcement" and stifling innovation in the sphere of digital currencies and blockchain.
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