As Ripple and Coinbase’s legal battle against the U.S. Securities and Exchange Commission (SEC) escalated, the country’s regulators made conflicting statements on crypto. Ripple’s Chief Legal Officer, Stuart Alderoty, has recently spotlighted the contradictory positions of the SEC and Treasury Secretary Janet Yellen on crypto regulation. The Ripple CLO recently took to X and noted that the SEC referred to crypto as a “rounding error” in the Coinbase case. In addition, the SEC stated that no legislative gaps exist and it can be easily “swept” into its authority. Moreover, in a recent statement, Treasury Secretary Yellen emphasized the necessity for legislation to address regulatory gaps.