By JW Verret (January 6, 2022, 12:16pm ET) – A decision is expected soon in the landmark US Securities and Exchange Commission case against cryptocurrency firm Ripple Labs Inc. Because of its sales of the XRP token. The Securities and Exchange Commission (SEC)’s unruly stance on cryptocurrencies as exemplified by the Ripple case has done a lot of damage to this booming industry.
Senator Cynthia Loomis, R-Wyo, got hold of it and recently announced that she plans to introduce a bill to remove uncertainty through new rules that set the limits for regulation of digital assets, creating a new specialized regulator for digital assets. The stalemate on Capitol Hill will likely delay the bill, but the intellectual leadership it represents…
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