New York Rep. Ritchie Torres referred to as on U.S. Securities and Trade Fee (SEC) Chairman Gary Gensler to rethink the regulator’s stance on crypto after an “terrible day in court docket.”
In a July 18 letter to Gensler, Torres requested the SEC limits its enforcement instances to “good religion unhealthy actors” somewhat than “indiscriminately” treating the vast majority of crypto property as securities beneath its jurisdiction. The lawmaker’s letter adopted a court docket ruling within the SEC’s case towards a blockchain firm that steered that XRP (XRP) the token was largely not a safety.
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