Summary
- The US SEC reiterated its claim that cryptocurrencies have no intrinsic value.
- Ripple's Chief Legal Officer pointed out that the SEC has not halted lawsuits against cryptocurrency companies.
- The SEC's stance was clearly revealed through the report related to the Binance lawsuit.
Stuart Alderoty, Ripple (XRP) Chief Legal Officer (CLO), noted on the 5th (local time) via X (formerly Twitter) that "the United States Securities and Exchange Commission (SEC), led by Gary Gensler, instead of halting lawsuits against cryptocurrency companies ahead of the new administration, reiterated the absurd claim that cryptocurrencies have no intrinsic value through an 81-page report related to the Binance lawsuit submitted the previous day."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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