Recently, Ripple’s top legal mind, Stuart Aldeoty I said The fight for “clear” and “fair” cryptocurrency continues after the company’s overwhelming victory over the Securities and Exchange Commission (SEC), CNBC said. He added that Ripple will continue to lead it.
Earlier this week, Ripple announced that the SEC would waive any controversial appeals against the company. This comes after removing some well-known cases against heavyweights such as Coinbase and Kraken, amid an aggressive push to stop enforcement of the code.
In particular, Enterprise Blockchain Company has not yet withdrawn its cross appeal. It’s unclear if Ripple will proceed with that. In a recent interview with Bloomberg, CEO Brad Gerlinghouse indicated that the company is still considering its next step.
In response to Crypto SEC Commissioner Hester Perth, Ripple says the application of the Howey test was “distorted” by the previous administration. The company is urging new SEC leadership to “deny” such distortions and avoid creating “unnecessarily complex” approaches. Ripple argues that the SEC should remain within its “statutory scope” while providing relief “through clarity.”
Earlier this week, the Crypto Task Force, which the SEC was recently established, held its first roundtable.
Former SEC official John Reed Stark said he was particularly impressed with Commissioner Caroline Crenshaw, who claimed he had separated himself as a true investor champion.
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