SEC to focus on ‘clear’ crypto regulations after Ripple case: Atkins
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The end of the nearly five-year legal dispute will enable the regulatory agency to dedicate more time to developing clear regulatory frameworks, SEC Chair Paul Atkins said.
The United States Securities and Exchange Commission (SEC) is signaling a growing focus on developing a clear cryptocurrency regulatory framework after ending one of the longest-running legal battles in the industry.
The SEC and Ripple Labs ended their nearly five-year legal dispute after both parties filed to drop their legal appeals and bear their own costs and fees, according to a filing last Thursday with the Second Circuit Appeals Court.
The case’s conclusion is a “welcome development” that enables “minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto,” said SEC Commissioner Hester Peirce in a Monday X post.
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