SEC Focuses On ‘Clear’ Crypto Regulatory Framework After Ripple Case Dismissal, Hester Peirce Says
Main Idea
The SEC has dropped its legal action against Ripple, signaling a shift towards establishing a clearer regulatory framework for cryptocurrencies to foster innovation while protecting investors.
Key Points
1. SEC Commissioner Hester Peirce described the dismissal of the case against Ripple as a 'welcome development,' emphasizing the need for regulatory clarity.
2. SEC Chair Paul Atkins supported Peirce's statement, highlighting the focus on building a clear regulatory framework for cryptocurrencies.
3. The SEC formally dropped its complaint against Ripple on August 7, which had accused the company and its executives of violating federal securities laws in 2020.
4. Ripple's CEO Brad Garlinghouse welcomed the end of 'regulation-by-enforcement,' suggesting a move towards more structured crypto regulations.
Description
The United States Securities and Exchange Commission (SEC) is planning to focus on developing “clear” crypto regulations after dropping its case against digital payments company Ripple, per a new X post from Commissioner Hester Peirce. Clear Crypto Framework Underway, Hester Peirce Says According to Peirce’s Monday X post, the SEC’s decision to dismiss its legal action against Ripple is a “welcome development” for the federal regulator. Last week, the SEC's case against Ripple was finally laid t...
Latest News
- Is OnlyFans Really Worth $8 Billion? What Platforms Like SUBBD Are Getting Right, ICO Hits $1M2025-08-15 15:30:46
- BlackRock Pours Over $1B into Bitcoin & Ethereum ETFs During Dip — What Do They Know?2025-08-15 14:48:16
- Bitcoin Price Prediction: Treasury ‘No Buy’ Triggers Panic Dip – Smart Money Sees Opportunity, Not Fear2025-08-15 14:28:53
- Dogecoin Price Prediction: $5B Volume Surge + Whale Buys – DOGE Could Go Higher Than Most Think2025-08-15 14:27:30
- Solana Price Prediction: Technicals Point to More Upside – Can SOL Hit $500 Within 2 Weeks?2025-08-15 14:15:06