Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid SEC Lawsuit Over XRP

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid SEC Lawsuit Over XRP

Ripple’s general counsel has urged U.S. lawmakers to pass “sensible crypto legislation” amid a Securities and Exchange Commission (SEC) lawsuit over the sale of xrp. “Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets by filing unproven allegations masquerading as regulation,” he opined.

Ripple’s Counsel Calls for ‘Sensible’ Crypto Regulation

Stuart Alderoty, general counsel for Ripple, stressed the importance of sensible cryptocurrency legislation in an opinion piece published Wednesday.

Referencing a House Financial Services Subcommittee hearing on Investor Protection where Congressman Brad Sherman (D-CA) pushed the SEC to go after major cryptocurrency exchanges that traded XRP, Alderoty emphasized:

Sherman’s off-base remarks underscore the urgent need for sensible crypto legislation from Washington.

The SEC sued Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been fighting a legal battle with the securities regulator. Recently, Garlinghouse 議論された possible outcomes of the lawsuit.

Alderoty quoted Rep. Sherman stating that “the fact remains” that “XRP … clearly is a security.” However, the Ripple counsel argued that “the real fact” is:

The filing of a lawsuit determines nothing.

Noting that the lawmaker is a Harvard-trained lawyer, Alderoty alleged: “He knows that the SEC can’t determine XRP to be a security. He knows that no country in the world has determined XRP to be a security. He knows the issue needs to be decided in the court.” Whether XRP is a security or not has yet to be determined, the Ripple counsel explained, adding that “when it is made, it will be made by the court.”

Alderoty has been criticizing the SEC for its approach to regulating the crypto industry, particularly how the securities watchdog handles the lawsuit against Ripple and its executives over the sale of XRP.

He tweeted Wednesday:

Rather than providing regulatory clarity through rulemaking, the SEC is bullying crypto markets by filing unproven allegations masquerading as regulation.

この物語のタグ
Brad Sherman, 会議, 暗号通貨規制, リップル, Ripple lawyer, Ripple US crypto regulation, Ripple US lawmakers, Stu Alderoty, Stuart Alderoty, XRP crypto legislation, XRP crypto regulation

Do you think the U.S. congress will pass sensible crypto legislation that will help Ripple’s case? 以下のコメントセクションでお知らせください.

ケビンヘルムズ

オーストリア経済学の学生, ケビンはビットコインをで見つけました 2011 それ以来ずっと伝道者です. 彼の興味はビットコインのセキュリティにあります, オープンソースシステム, ネットワーク効果と経済学と暗号化の交差点.




画像クレジット: シャッターストック, 細工Pixabay, ウィキコモンズ

免責事項: この記事は情報提供のみを目的としています. 直接の申し出や売買の申し出の勧誘ではありません, または製品の推奨または承認, サービス, または企業. Maximumhorrors.com 投資を提供しません, 税, 法的, または会計アドバイス. 会社も作者も責任を負いません, 直接的または間接的に, コンテンツの使用または依存に起因または関連して引き起こされた、または引き起こされたと主張される損害または損失, この記事に記載されている商品またはサービス.

読む 免責事項

共有