Ripple's legal victory triggers a new fight between Congress and Sec

Von Krypto News Österreich

Der juristische Sieg von Ripple im Langzeitstreit mit der US-amerikanischen Wertpapier- und Börsenaufsichtsbehörde (Securities and Exchange Commission, SEC) hat zu einem neuen Kampf zwischen dem Kongress und der SEC geführt. Der Abgeordnete Torres behauptet, dass der bisherige „Kreuzzug der SEC gegen Krypto-Assets“ diskriminierend gewesen sei und es an einer rechtlichen Grundlage fehle. Er lobt die Entscheidung von Richter Torres, die die Notwendigkeit betont, das Vorliegen eines „Investitionsvertrags“ nachzuweisen, und somit zu einer strengen Anwendung des Howey-Tests zurückkehrt. Torres schlägt sogar vor, das Urteil als „Torres-Doktrin“ zu bezeichnen, die besagt, dass Krypto-Assets keine Wertpapiere an sich sind, sondern als Teil von …
Ripple's legal victory in the long-term dispute with the US security and stock exchange supervisory authority (Securities and Exchange Commission, Sec) has led to a new fight between the congress and the Sec. MP Torres claims that the previous “Crusade of the Sec against crypto-assets” was discriminatory and lacked a legal basis. He praises judge Torres, who emphasizes the need to prove the existence of an "investment contract" and thus returns to a strict application of the Howey test. Torres even suggests calling the verdict as a "Torres doctrine", which says that crypto-assets are not securities, but as part of ... (Symbolbild/KNAT)

Ripple's legal victory in the long-term dispute with the US security and stock exchange supervisory authority (Securities and Exchange Commission, SEC) has led to a new fight between the congress and the Sec. MP Torres claims that the previous “Crusade of the Sec against crypto-assets” was discriminatory and lacked a legal basis. He praises judge Torres, who emphasizes the need to prove the existence of an "investment contract" and thus returns to a strict application of the Howey test. Torres even suggests calling the judgment as a "Torres doctrine", which says that crypto-assets are not securities themselves, but can be sold as part of investment contracts.

In his letter, MP Torres also criticizes the lack of information about the SEC regarding the crypto industry. Under the chairman Gensler, the SEC has not created any clear guidelines or rules for crypto-assets. Torres argues that the mixed messages and arbitrary enforcement measures of the SEC have caused confusion and thus violate the principle of fair announcement.

At the end of his letter, the MP Torres calls on the SEC to concentrate its enforcement forces on more serious violations such as fraud, market manipulation and the embezzlement of customer funds. He is looking forward to seeing how the SEC will recalculate its regulatory attacks on crypto-assets in the light of the Torres doctrine.

The letter from Rep. Torres represents a significant development in the debate about the regulation of cryptocurrencies. This encouragement is part of the growing choir of voices, which require a more balanced and more differentiated approach to regulating this rapidly growing industry. It remains to be seen how the SEC will react to the letter, but it is becoming apparent that the dynamics in the direction of a more sensible and more pragmatic approach are shifting when regulating crypto assets.

With regard to the XRP Prize, his rally after the decision by Richter Torres last week led to the token exceeded the $ 0.900 mark. Since then, however, the price has developed largely unchanged. In the last few days, XRP has been traded in a range of $ 0.760 to $ 0.760, with low volatility. XRP is currently being traded at $ 0.750, which corresponds to a modest increase in over 3 % in the last 24 hours.

It remains to be seen how the situation between the congress and the second will develop. But it is clear that Ripple's legal victory has led to a discussion about a more balanced and more differentiated regulation of crypto-assets.