.s_alderoty says the court is yet to determine whether XRP is a security
During a recent congressional hearing on the oversight of the U.S. Securities and Exchange Commission’s Division of Enforcement, Rep. Brad Sherman stated that XRP, one of the top cryptocurrencies by market capitalization, is a security.
He also asked division director Gurbir Grewal why the agency hadn’t clamped down on trading platforms that offer illegal securities like XRP. Sherman suggested that these trading platforms operate like illegal securities exchanges. The SEC took Ripple to court in December 2020, alleging that XRP is an unregistered security in its high-profile lawsuit. The case is set to resolve next year, meaning that the court is yet to determine the regulatory status of the token.Stuart Alderoty, Ripple’s general counsel, pushed back against Sherman’s recent comment claiming that the mere filing of the case doesn’t actually determine whether or not the token is actually a security.
Following the lawsuit, all of the major U.S. exchanges, including Coinbase, have moved to halt XRP trading in order to remain regulatory compliant.for a blanket ban on cryptocurrencies.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Hackers Love It' When You Make These 6 Biggest Password Mistakes, Says Security ExpertWith cyberthreats on the rise, smart habits like using password managers and authentication systems are more important than ever. A tech security advisor with 20 years of experience shares the most common mistakes of 2022 that hackers “love to see” you make, and how to protect your private information.
Read more »
Sen. Ted Cruz Says Supreme Court Gay Marriage Ruling Was IncorrectGay marriage could be next to go as a national right, assuming the Supreme Court falls in line with Ted Cruz's thinking here.
Read more »
Sen. Ted Cruz says Supreme Court 'clearly wrong' in decision legalizing same-sex marriageThe Texas Republican's remarks came just weeks after Justice Clarence Thomas said the Supreme Court “should reconsider” past rulings, including Obergefell v. Hodges.
Read more »
Senator Ted Cruz Says Supreme Court Was Wrong In Same-Sex Marriage RulingSen. Ted Cruz (R-Texas) on Saturday said he believes the U.S. Supreme Court “was overreaching” and “clearly wrong” when it legalized same-sex marriage across the country in the 2015 landmark Obergefell v. Hodges decision.
Read more »
Mississippi abortion clinic at center of high court case is sold, won’t reopen, owner saysThe Pink House stopped offering medication and surgical abortions July 6, the day before Mississippi enacted a law that bans most abortions.
Read more »
Sen. Ted Cruz of Texas says Supreme Court ruling on same-sex marriage 'clearly wrong'Cruz's remarks about same-sex marriage echo sentiments shared by Texas AG Ken Paxton in June. TedCruz SupremeCourt GayMarriage LGBTQ LGBTQIA homophobic texasgop
Read more »