Ripple, the SEC, and Capitol Hill
SEC Chair Gensler and US lawmakers were in prep mode ahead of a US Financial Services Committee Hearing, where all five SEC Commissioners will give testimony.
In a recent CNBC interview, SEC Chair Gary Gensler targeted the US digital asset space, warning that the field is rife with fraudsters, scammers, and grifters. Discussing crypto regulations, Gensler continued to reject claims about a lack of regulatory clarity, saying that US securities laws have given clarity for 90 years.
On Thursday, Republican Congressman Ritchie Torres targeted the SEC, noting that the phrase, “digital asset security,” is absent from congressional laws, SEC rules, and…
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