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SEC commissioner criticizes Ripple comparison: Warning of the authority's potential loss of authority in crypto supervision
SEC commissioner criticizes Ripple settlement and its impact on supervision in the crypto sector A commissioner of the US Securities and Exchange Commission (SEC) has criticized the recently agreed settlement with Ripple Labs. He expressed concerns that this settlement could potentially undermine the SEC's authority to regulate cryptocurrencies. Ripple Labs, the company behind the digital currency XRP, had been in a years-long legal battle with the SEC. The SEC accused Ripple of selling securities without prior authorization, which led to an extensive legal battle. The settlement that has now been reached could have far-reaching implications for the regulatory treatment of cryptocurrencies. The …
SEC commissioner criticizes Ripple comparison: Warning of the authority's potential loss of authority in crypto supervision
SEC Commissioner criticizes Ripple settlement and its impact on supervision in the crypto sector
A US Securities and Exchange Commission (SEC) commissioner has criticized the recently agreed settlement with Ripple Labs. He expressed concerns that this settlement could potentially undermine the SEC's authority to regulate cryptocurrencies.
Ripple Labs, the company behind the digital currency XRP, had been in a years-long legal battle with the SEC. The SEC accused Ripple of selling securities without prior authorization, which led to an extensive legal battle. The settlement that has now been reached could have far-reaching implications for the regulatory treatment of cryptocurrencies.
The SEC commissioner warned that this settlement could call into question important legal precedents that govern the regulation of cryptocurrencies. In particular, the SEC's decisions in future reviews and decisions regarding the regulation of cryptocurrencies could be significantly affected by this process.
This discussion creates concerns about the future direction of regulation in the crypto sector and how such a settlement could impact trust in the SEC. Critics fear that weakening SEC oversight could increase the risk of fraud and other illegal activity in the crypto space.
Given the dynamic development of the crypto market, it remains to be seen how the regulatory framework will develop after this settlement and what measures the SEC will take to strengthen its supervisory functions and ensure investor confidence.