The U.S. Securities and Exchange Commission (SEC) has filed several lawsuits against different firms and individuals for breaching securities laws. However, Gary Gensler, SEC chair has given out assorted statements over crypto regulations. This time XRP’s lawyer caught Gensler red handed replying to questions over a security.
Is SEC chair missing vital info?
In the interview with CNBC, Becky Quick mentioned that the CFTC chair said that they should be regulating some of the crypto related assets. She added that the SEC built some case laws and set some examples of people agreeing to settle with the agency.
She added that these moves affirm that the SEC should lead the regulations for more.
To this SEC chair replied the law is clear over this. He claims that based on the facts and circumstances most of these tokens are securities. While he added that when a g
GIPHY App Key not set. Please check settings