US lawmakers urge SEC chair to reassess stance on cryptocurrencies following Ripple ruling


New York State Rep. Richie Torres Asks U.S. Securities and Trade Fee (SEC) Chairman Gary Gensler to Rethink the Regulator’s Place on Cryptocurrencies Following a “Horrible Day in Court docket” I requested.

In a July 18 letter to Mr. Gensler, Mr. Torres mentioned: I used to be demanded to Reasonably than “indiscriminately” deal with most crypto property as securities underneath SEC jurisdiction, the SEC limits enforcement to “bona fide dangerous guys.” The lawmaker’s letter follows the court docket’s ruling within the SEC’s lawsuit towards blockchain corporations to help XRP (XRP) tokens had been hardly securities.

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