Gary Gensler said he is ‘Disappointed’ at Ripple's victory. What else did the SEC Chair say? Read more here -
“…And while we’re disappointed on what they said about retail investors, we’re still looking at it, and assessing that.”However, Gensler said he was “pleased” about the decision recognizing the “protection of institutional investors” before adding:
The speech was stuttered, and Gensler appeared simply lost for words at times. The fragmented comments came at an event at the National Press Club on July 17.“We’re going to continue to try to bring firms that may not be in compliance into compliance — without prejudging any one of them — and try to ensure that we protect the investing public,”
In 2020, the SEC accused Ripple of illegally raising $1.3 billion through an unregistered securities sale of XRP. However, Judge Analisa Torres of the Southern District of New York ruled that XRP was not a security in the secondary market sale.
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