Ripple's case is over, but the 'fair notice' defense is still alive for others. The SEC cites the 2017 DAO report as industry notice that 'crypto asset securities' are subject to US securities laws. Seven years later, the SEC apologizes to a federal judge—surely a person of at least ‘ordinary intelligence'—for the confusion it invited by using the inherently unclear term.
Empower Oversight: The SEC's Office of Inspector General has, for the first time, acknowledged an investigation into Bill Hinman's potential financial conflicts of interest while he was at the SEC⬇️
https://t.co/KMULOix7Le
Despite what Gary Gensler thinks, he is NOT a government of one.
He is a bureaucrat who answers to Congress, and I look forward to having him before the @FinancialCmte today.
Ripple Labs CEO Brad Garlinghouse says that a federal court's decision means that its crypto token XRP “is not a security,” giving the digital-payments company more freedom to pursue various business opportunities https://t.co/lpNFuakr6K
JUDGE TORRES WILL NOT RULE ON THE #RIPPLE VS. #SEC CASE UNTIL CONGRESS PROVIDES A REGULATORY FRAMEWORK 🔥
@PatrickMcHenry QUOTE " We will have regulatory framework within the next 2 months"
@GOPMajorityWhip QUOTE " #XRP is not a security"
#XRP#RIPPLE#Crypto
.@RepDonaldsPress is my freaking hero. I love this guy and everything he stands for.
He pressed Dirty Gary so hard I thought a tear drop was going to drop down from his reptilian nictating membrane