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Ripple Warns Senate: The New Crypto Bill Could Enable SEC “Overreach”

Summary by 99 Bitcoins
Ripple Labs formally pushed back against a new US Senate draft bill – the Responsible Financial Innovation Act of 2025 – aimed at regulating the cryptocurrency market. The company behind the XRP Ledger warned that the proposed legislation could grant the Securities and Exchange Commission (SEC) excessive and indefinite power over major digital assets.  In a detailed response submitted on 5 August 2025, Ripple argued that the bill in its current …
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99 Bitcoins broke the news in on Thursday, August 7, 2025.
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