Ripple Labs Wants Smaller Role For SEC In Crypto Oversight
By Elise Hansen (November 16, 2021, 8:13 PM EST) -- Ripple Labs Inc. on Tuesday pushed for digital assets to primarily fall under the regulatory purview of the Commodity Futures Trading Commission — as the company is locked in heated litigation with the U.S. Securities and Exchange Commission over its signature digital asset, XRP.
Ripple released a framework outlining its preferred principles for cryptocurrency and digital asset regulation. The company backed a pair of bills that would put many digital assets outside the realm of securities, as well as called for innovation sandboxes and public-private dialogue.
"Cryptocurrency and blockchain technology need clear regulatory and licensing frameworks designed to address and remedy...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!