Ripple’s general counsel has blasted the U.S. securities regulator for using enforcement and threats against the U.S. crypto industry, all so it can remain the regulatory top dog.
“Despite disclaimers that the speech was Hinman's personal opinion and “not necessarily that of the Commission,” the market took Hinman's speech to heart,” wrote Alderoty.
“Here in the U.S., the Securities and Exchange Commission has deliberately muddied the regulatory waters for crypto […] To unlock crypto's true potential, we need to finally clean up this regulatory sludge.”
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