A new petition to the Securities and Exchange Commission (SEC) demands that Ripple’s lawsuit be dropped
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Answer A new petition to the Securities and Exchange Commission (SEC) demands that Ripple’s lawsuit be dropped
Exciting developments and events continue in the SEC and Ripple case.
Recently, Thomas Hodge, founder of Crypto & Policy, created a petition on Change.org asking Gary Gensler — who is likely to be confirmed as the next head of the SEC — to drop the suit. Jurisdiction against Ripple.
What is stated in petition The signatures addressed to the Chairman of the Securities and Exchange Commission “SEC”, the following:
End the Ripple lawsuit and stop the Securities and Exchange Commission (SEC) from setting the rules for cryptocurrency by resorting to lawsuits.
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Alternatively, regulations can be properly formulated and prepared, with public input and partnership with the US Congress.
Hodge accuses the SEC of trying to silence the voices of Ripple supporters while advancing a baseless conspiracy by former Securities and Exchange Commission Chairman Jay Clayton and William Henman, a former acting director of corporate finance, that advances China’s interests.
He states that Gensler should sit down with the holders of the digital currency XRP and listen to their “stories.” In this regard, the petition stated the following:
Gary Gensler should end the practice of making policy through lawsuits, sit down with XRP holders themselves and listen to their stories.
The petition has so far collected more than 700 signatures since its launch.
Gensler and Ripple:
Ripple CEO Brad Garlinghouse, who is also a defendant in the SEC lawsuit, previously said he had hoped to “reconsider” settlement talks with Gensler, whose position has yet to be confirmed. before the Senate.
In 2018, Gensler told XRP that XRP is neither a security nor a security.
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It remains to be seen whether his views are the same or have changed since then.
Read also:
Ripple CEO: XRP Can Be Replaced With Another Alternative As A Contingency Plan
“SEC” agrees to Ripple’s request to revise two documents before publishing them in public…Details here
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