If Ripple Wins, SEC May Have to Pay Compensation!

A change in the proposed US Crypto Bill could lead to the SEC having to pay compensation if it loses. This situation also applies to Ripple, which is currently engaged in a legal battle with the SEC. Attorney James Murphy described the crypto bill as a significant opportunity to reform the SEC and curb its regulatory overreach. Meanwhile, US Senator Elizabeth Warren provided hints about the crypto bill.

The US Securities and Exchange Commission (SEC) is accused of imposing sanctions on firms and leaders connected to the digital asset industry. Legal battles led by the commission have forced defendants to pay hefty legal fees over time. However, a draft crypto bill released by Republican lawmakers could potentially put a halt to the regulatory overreach of the major watchdog.