New York Rep. Ritchie Torres referred to as on United States Securities and Alternate Fee (SEC) Chairman Gary Gensler to rethink the regulator’s stance on cryptocurrencies after a “horrible day in court docket.”
July 18 in a letter to Gensler Torres requested The SEC limits enforcement instances and restricts βbona fide unhealthy actorsβ relatively than βindiscriminatelyβ treating most crypto belongings as securities underneath its purview. The lawmaker’s letter follows a court docket ruling in an SEC case in opposition to a blockchain firm that claims XRP (XRP) token was primarily not a safety.
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