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Ripple CTO spots SEC-like regulatory tactics in a major non-crypto US lawsuit

Market News
23 Sep 2026
UToday
View Source
Neutral
Ripple CTO spots SEC-like regulatory tactics in a major non-crypto US lawsuit

David Schwartz, Ripple's CTO Emeritus and XRP Ledger co-creator, identified regulatory tactics used by the U.S. SEC in a high-profile lawsuit unrelated to crypto. The case involves a private manufacturer challenging Connecticut's restrictive product laws, claiming unclear legal criteria make compliance impossible. Schwartz likened this to Ripple's own legal battle with the SEC, where unclear rules complicated defense against unregistered securities allegations. This highlights ongoing concerns about 'regulation by enforcement' affecting businesses beyond the crypto sector.

XRP (Ripple) trades at Rp28.386 on Pluang, up 3.41% in the last day as of Sep 23, 2026 15:51 WIB. The market cap stands at Rp1.804,05 trillion with a 24-hour volume of Rp137,55 trillion. Despite legal challenges, XRP shows active trading with 62% sell orders and a typical hold time of 71 days on Pluang.

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