Ripple And XRP Propped Up By Republican Senators As They Push Against SEC's Scheme. Key takeaways.
20 Sep 2021, 08:00
Ripple And XRP Propped Up By Republican Senators As They Push Against SEC’s Scheme
Key takeaways
SEC chair Gary Gensler gets called out for the commission’s method of crypto-industry regulation by the Senate. Ripple co-founder calls out Gensler for contradictory statements on the crypto-industry.The SEC and Ripple lawsuit continues to drag on even as developments from the courtroom battle further, hammering the argument that the SEC has no case against the firm. Observers have noted that closing the books on this issue will allow this cryptocurrency to again focus its efforts on becoming a more widely used asset, with greater utility.
The Securities and Exchange Commission’s war on the cryptocurrency industry has often drawn a lot of criticisms to the regulator as they are deemed to be stifling innovation in the industry with their antics. These criticisms have most recently been from the U.S. senate.