Cryptosecto regulation: US legislators push for clarification after SEC victory over Ripple

Von Krypto News Österreich

Titel: Nach SEC-Sieg gegen Ripple fordert US-Gesetzgeber Klarheit bei Kryptoregulierung Nachdem die US-Börsenaufsichtsbehörde Securities and Exchange Commission (SEC) einen Sieg über Ripple errungen hat, haben zahlreiche US-Gesetzgeber den Kongress aufgefordert, mehr Klarheit in Bezug auf die Regulierung des Kryptosektors zu schaffen. Die SEC hat versucht, ihre Macht durch administrative Methoden auszuüben, was sowohl den Kapitalisten schadet als auch Angst erzeugt. Der langwierige Rechtsstreit zwischen Ripple und der SEC hat nun endlich zu einem „Teilsieg“ für die SEC geführt. Das Gericht des südlichen Bezirks von New York hat entschieden, dass alle XRP-Käufe in drei Kategorien fallen – institutionelle Käufe, programmatische Käufe …
Title: After SEC victory against Ripple, US legislator calls for clarity in crypto-regulation After the US stock exchange supervisory authority has won Securities and Exchange Commission (SEC), numerous US legislators have asked Congress to create more clarity in relation to the regulation of the crypto sector. The SEC has tried to exercise its power through administrative methods, which both harms the capitalists and creates fear. The protracted legal dispute between Ripple and the SEC has finally led to a "partial victory" for the Sec. The court of the southern district of New York has decided that all XRP purchases fall in three categories-institutional purchases, programmatic purchases ... (Symbolbild/KNAT)

Title: After SEC victory against Ripple, US legislator calls for clarity in the event of cryptor regulation

After the US stock Exchange supervisory authority has won Securities and Exchange Commission (SEC), numerous US legislators asked Congress to create more clarity in relation to the regulation of the crypto sector. The SEC has tried to exercise its power through administrative methods, which both harms the capitalists and creates fear.

The lengthy legal dispute between Ripple and the SEC has finally led to a “partial victory” for the Sec. The court of the southern district of New York has decided that all XRP purchases fall in three categories-institutional purchases, programmatic purchases and other types of circulation. While the SEC dominated the institutional purchases, Ripple secured a positive result in the programmatic purchases and other circulation. However, it should be noted that the SEC continues to have the opportunity to influence the decisions of the court.

The chairman of the Financial Service Committee of the House of Representatives, Patrick Mchenry, and the chairman of the Agricultural Committee of the House of Representatives, Glenn Thompson, have given a joint statement after the judgment. In it, they emphasize the need for the congress to create clear regulations for the crypto sector. They criticize the procedure of the regulatory authorities who try to create plans without the consent of the congress. Legislators also indicate the gaps in the regulatory approach of the SEC, since digital assets may not be securities, but can be offered as part of an investment contract under certain circumstances.

Senator Cynthia Lummis supports the demands of her colleagues and recommends the adoption of the Lummis-Gillibrand Responsible Financial Innovation Act. This draft law aims to transfer the responsibility for regulating cryptocurrencies from the SEC to Commodities Future Trading Commission (CFTC). The goal is to create clear rules and collateral for all capitalists, consumers and market participants in the crypto sector.

Overall, it becomes clear that in relation to the regulation of the crypto sector, a clear and uniform legislation is urgently needed. The current uncertainties and the procedure of the SEC ensure fear among the capitalists and could have a long -term negative effects on the market. It remains to be seen how the congress reacts to the claims of the legislators and whether the proposed changes in the law will actually lead to better regulation of the crypto sector.