SEC Chair Pushing Aside Fellow Regulators Over Crypto Regulations?

SEC Chair Pushing Aside Fellow Regulators Over Crypto Regulations?

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SEC Chair Pushing Aside Fellow Regulators Over Crypto Regulations?

CoinGapea month ago
GaryGary
Published on August 30, 2022 09:21 GMT+00:00edited on August 31, 2022 06:01 GMT+00:00

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sec ripple xrp gary gensler

Stuart Alderoty, General Counsel at Ripple came forward to reply to the U.S. Securities and Exchange Commission’s (SEC) recently published blog over crypto markets. SEC Chair mentioned that they treat digital assets just like the rest of the Capital Markets.

SEC Chair stepping over other watchdogs?

Ripple’s General Counsel stated that Gary Gensler, SEC Chair’s main objective is to shield their turf at the expense of the American crypto economy. These actions have left the investors and consumers holding the bag.

Alderoty highlighted that Gensler has chosen the SEC as the cop watching over the crypto space. He blamed the SEC chair managed to push aside the other regulators from this space. However, they are also neglecting US President Biden’s executive order.

As per the released executive …