The founder of Synthetix celebrates the first significant triumph of the cryptocurrency industry over the Sec

The founder of Synthetix celebrates the first significant triumph of the cryptocurrency industry over the Sec

Synthetix founder Kain Warwick has expressed his surprise and enthusiasm for a significant triumph of the cryptocurrency industry about the Securities and Exchange Commission (SEC) in a recent interview with ETHCC in Paris. Warwick was surprised at the outcome of the case and stated that he had doubted that the aspects of the case that were believed to be the case would be observed.

The SEC judgment referred to the sale of XRP to institutional investors and classified certain securities sales as illegal. Programmatic sales carried out on stock exchanges that were not classified as such were not considered illegal.

Warwick warned of excessive enthusiasm and pointed out the possibility of objections and future changes. Nevertheless, he described the case as one of the first major victories in the crypto industry compared to the SEC recently.

It remains to be seen how this case will affect the cryptocurrency industry and whether similar cases will occur in the future. The decisions of the SEC often have far -reaching effects on the regulation and the legal status of cryptocurrencies. It is therefore important to continue to follow developments in this area.