According to the Ripple CLO, the market regulator has once again made a claim in its latest brief in opposition to Coinbase's Motion to Dismiss (MTD) that is inconsistent with the facts. In his words, Alderoty noted that the Gary Gensler-led commission posits "that digital assets have no innate or inherent value while collectible baseball cards do," a claim that was not accompanied with any citation or support. Alderoty, like many other crypto-inclined legal experts, has frequently called out the SEC chairman for the regulatory tactics of the commission. Since he became the chairman of the regulatory body, Gensler has not backtracked from the historic record of the SEC in cracking down against the nascent crypto ecosystem.
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