Top Tweets for #Regulatory_Framework
It is now incumbent upon @POTUS @VP @congressdotgov @HouseDemocrats @HouseGOP @SenateDems @SenateGOP the create and establish a word class #Regulatory_Framework for #digital_assets! US Leadership on the global stage remains vital to innovation and growth. Prosperity is possible.
The end of the #Ripple lawsuit and the regulatory clarity of #XRP bring me relief. However, with the #legal battle concluded, several issues still demand IMMEDIATE attention
First, the #SEC lacked the legal authority to pursue #Ripple from the start, as there was no LEGAL precedent for their actions. The #SEC’s handling of the Ripple lawsuit revealed a clear CONFLICT of interest, especially compared to the treatment of other digital assets with regulatory uncertainties like #Ethereum, #Bitcoin, and #Solana. It’s evident to anyone who can interpret the #law and think critically that the SEC’s approach to digital assets has been consistently inconsistent
#Bitcoin, #Ethereum, #Solana, and many other technologies, including #Tether, which still face a lot of regulatory uncertainties and still haven't been addressed, have been treated more leniently than #Ripple and the digital asset #XRP. This should raise serious concerns about the #SEC’s TRUE MOTIVES and CONFLICTS of interest, given its relationships with entities involved in these digital assets, including #FTX's Sam Bankman-Fried, who laundered retail investors #money into #Ukraine and into the pockets of select #politicians
There's also the unlawful impact it had on retail #investors, which was significant. The SEC's actions against Ripple have led to millions in FINANCIAL losses and even delayed the benefits of #Ripple’s technology, which was designed to transform traditional FINANCIAL systems and promote equitable #WEALTH distribution
Accountability is necessary for their role in stifling #INNOVATION, stealing investor funds, creating confusion, and breaking the law!
Here are some of the key figures involved in this massive scandal: @SenWarren, @RepMaxineWaters, and SEC Chair @GaryGensler. Interestingly, they've already been under intense scrutiny from independent lawyers, mainstream journalists, and content creators. Even former #SEC officials have highlighted their involvement in the collapse of institutions like #TerraLuna, #Celsius, #Gemini, and #FTX
And then there's the ongoing #investigation into “#EthGate,” which further underscores the need for #LEGAL action and TRANSPARENCY within the SEC and its former employees, Jay Clayton and William Hinman
#Ripple needs to sue the #SEC so an investigation can be conducted to publicly #EXPOSE the REGULATORY overreach, MISCONDUCT, and #CRIMINAL behavior, and hold these criminals ACCOUNTABLE
Ending the #Ripple lawsuit was an important step, but I think it’s really just the beginning of addressing the broader concerns and bad actors in the industry
If you're truly about advocating for #ACCOUNTABILITY, and a fair REGULATORY environment, then it’s time for SERIOUS action

The Banking Institutions Act No. 13 of 2023 seeks, among others, to:
- Introduce the #regulatory_framework for microfinance banking institutions to improve access to financial services;
- Introduce requirements relating to #recovery_plans for banking institutions;

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