US EditionGensler Speaks On SEC Dropping Ripple (XRP) Appeal and Crypto Lawsuits
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Gensler Breaks Silence: SEC Drops Ripple (XRP) Appeal & Shifts Crypto Strategy - Wall Street Pit
The SEC’s withdrawal of enforcement actions against Ripple (XRP), Coinbase (COIN), and Kraken marks a significant shift from its aggressive regulatory stance under former Chair Gary Gensler, prompting optimism in the crypto industry. Gensler, speaking on CNBC, warned that 99% of cryptocurrency value is sentiment-driven, predicting that most of the…
Gensler Speaks On SEC Dropping Ripple (XRP) Appeal and Crypto Lawsuits
In a recent appearance on CNBC, former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler weighed in on the agency’s decision to abandon several high-profile cryptocurrency enforcement actions. Gensler’s comments come amid increasing scrutiny of the SEC’s shifting regulatory strategy, as it backs away from key legal battles against firms including Ripple, Coinbase, and Kraken. CNBC host Andrew Ross Sorkin asked the former SEC chair…
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