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SEC Challenges Ripple’s Legal Arguments
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As the legal battle drags on since 2020, the intricacies of whether XRP Coin is classified as a security remain unresolved, leading to various developments in the crypto regulatory landscape.
In recent statements, SEC Chairman Gary Gensler expressed optimism that the ETH ETF might launch before the summer’s end and reiterated his stance on cryptocurrencies.
Despite Ethereum not being labeled a security by the institution, Gensler maintains his view that many cryptocurrencies, including ETH, fall under this category. Ripple’s Chief Legal Officer, Stuart Alderoty, responded to these comments, highlighting the SEC’s tough stance on crypto despite facing court losses and political pushback.
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