Ripple CTO says 'tide is turning' on US regulatory environment
David Schwartz believes the U.S. legal system is looking more skeptically at SEC cases against various cryptocurrency industry participants.
A court ruling that cleared Ripple's XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applications.
Speaking exclusively to Cointelegraph during the company’s annual Apex developer conference being hosted in Amsterdam, Netherlands, Ripple CTO David Schwartz weighed in on the potential precedent set by a federal judge ruling that XRP was not a security when sold programmatically on cryptocurrency exchanges.
Ripple has been entwined in a protracted legal battle with the U.S. Securities and Exchange Commission since 2020, but its recent part victory may have positive implications for a number of crypto-related lawsuits instituted by the SEC.
Read More: https://cointelegraph.com/news/ripple-cto-says-tide-is-turning-on-us-regulatory-environment
Ripple CTO says 'tide is turning' on US regulatory environment
David Schwartz believes the U.S. legal system is looking more skeptically at SEC cases against various cryptocurrency industry participants.
A court ruling that cleared Ripple's XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.USand pending ETF applications....
