SEC’s ETH Probe Similar to China’s Bitcoin Ban: Ripple CTO
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- The SEC’s dropping of an investigation into Ethereum has left many questions.
- Ripple’s legal chief slammed the agency for its regulation strategy.
- Ripple CTO compared the SEC’s decision to China’s ban/unban on BTC.
The U.S. Securities and Exchange Commission’s decision to drop its investigation into Ethereum (ETH) has created confusion within the crypto space regarding its approach to regulation.
While the move propelled ETH prices above $3,400, it has left industry experts and investors puzzled on the future of crypto regulation in the United States.
Stuart Alderoty, the Chief Legal Officer at Ripple, took to X (formerly Twitter) to express that the SEC decision has raised numerous questions for the crypto industry, adding:
“Does this mean the SEC thinks Consensys’ offers and sales of ETH are not securities trans…
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3M ago•
bullish:
0
bearish:
0