, Garlinghouse stated that he expected a decision on the controversial lawsuit this year. The lawsuit has been going on since December 2020.According to the Ripple CEO, the verdict in this case will be pivotal for the crypto industry, not only in terms of setting a legal precedent for which crypto assets qualify as a security, but also defining the jurisdiction of United States regulators like the SEC.
Many have accused the SEC of trying to exceed their jurisdiction in an attempt to regulate crypto firms. Industry leaders, lawmakers and members of the agency, including Commissioner Hester Pierce, previously accused SEC Chair Gary Gensler of attempting to establish the agency as the de facto regulator for crypto by regulating through enforcement.
Data from CoinMarketCap shows that at press time, XRP was trading at $0.36, down 2.6% over the past 24 hours. Meanwhile, XRP’s daily trading volume increased by 33.6%.Subscribe to get it daily in your inbox.
It seems clear to me that the sec continues to follow their policy of hiding behind rules. The human dimension and the American value as it used to be with regard to a free economy is completely lost sight of. America NO longer the land of unlimited possibilities.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »