Summary
- He stated that "the SEC's regulatory stance on virtual assets is rapidly collapsing."
- He revealed that "the SEC's investigations into decentralized exchanges and NFT marketplaces have ended."
- He reported that "the SEC's appeal against Ripple is also likely to be withdrawn."
A claim has been raised that the U.S. Securities and Exchange Commission (SEC) is likely to withdraw its appeal against Ripple.
On the 26th (local time), John Reed Stark, former SEC Enforcement Director, stated through X (formerly Twitter), "The SEC's regulatory stance on virtual assets (cryptocurrencies) is rapidly collapsing," adding, "The SEC's investigations into decentralized exchange (DEX) Uniswap and NFT marketplace OpenSea have officially ended. The appeal against Ripple is also likely to be withdrawn."
Previously, in 2020, the SEC filed a lawsuit against Ripple for selling unregistered securities. The SEC subsequently lost part of the lawsuit and has filed an appeal.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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