In a final development, Elon Musk’s Doge announced the audit in the dry for fraud, abuse and waste. The cryptocurrency community looks closely at this development, especially since the dry trial against Ripple approaches its conclusion.
The DOGE_SEC account urged the public to share information on the SEC actions. “Doge is looking for public help!” Please DM this account with information on research and repair of waste, fraud and abuse, ”displayed the account.
This decision sparked animated debates among legal and financial experts. In response to this, Coinbase Legal Director Paul Grewal suggested a rule forcing the dry to pay legal fees to the defendants who have managed to fight his prosecution. Other voices of the cryptographic community have also raised concerns concerning the actions of the SEC, in particular on its current dispute with Ripple.
In addition, Ripple’s CLO, Stuart Alderoty, responded to the meticulous exam of the dry, saying: “I have receipts”, which suggests that crucial documents related to the case could soon be made public . However, it remains to be seen if this could bring a rapid end to the Ripple vs dry case.