Ripple Pioneer Draws Parallels Between SEC Tactics and Non-Crypto Dispute

David Schwartz, co-creator of the XRP Ledger and current Ripple CTO Emeritus, has re-emerged in the debate surrounding the SEC case against his former company. This time, he's drawing parallels between the regulatory body's actions and a non-crypto dispute unfolding in Connecticut.

Schwarz pointed out that the state's attorney general's office is refusing to clarify the criteria for determining the legality of certain product lines, making it impossible for businesses to comply with the law. He called this tactic 'grossly unfair' and stated that the government's strategy is to force companies to play by rules under which 'you cannot possibly know whether you are complying with the law.'

This echoes Ripple's own defense in its battle against the SEC, where one of the key arguments was the regulator's failure to provide clear and transparent rules. The fact that Schwartz has returned to this topic through an unrelated case suggests that the precedent set by the SEC v. Ripple case remains a crucial aspect in the defense of private businesses against 'regulation by enforcement.'

Schwarz' comments were met with interest from his followers, who asked how he had gained such knowledge of government agencies' tactics. He responded with a hint, saying that it was something he'd learned through experience, and attaching a link to an analysis of the SEC v. Ripple case.