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MiCA, which lets wallet providers and exchanges operate across the EU with a single license, “will allow this sector to go to the next gear in terms of regulatory requirements,” said Marie-Anne Barbat-Layani, adding that France’s Financial Markets Authority (AMF), the regulator which she chairs, is “resolutely open to innovation.” Source
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United States Securities and Exchange Commission (SEC) Chair Gary Gensler has called for “new tools, expertise, and resources” aimed at addressing misconduct in the crypto space in the regulator’s 2024 budget request.In prepared testimony for a July 19 hearing of the Subcommittee on Financial Services and General Government with the
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New York Rep. Ritchie Torres has called on United States Securities and Exchange Commission (SEC) Chair Gary Gensler to reconsider the regulator’s position on crypto following a “dreadful day in court."In a July 18 letter to Gensler, Torres requested the SEC limit its enforcement cases to “bonafide bad actors” rather
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The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged the token’s worth at $0.20, but it could also fall to zero, Koenig said, while some creditors
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Cathie Wood, the founder and CEO of ARK Investment Management, said she remains “very positive” on Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13. While Wood noted the ruling wasn’t in outright favor of Ripple, she lauded the outcome as “by and large,
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Timothy Massad, former chair of the United States Commodity Futures Trading Commission (CFTC), has said though a Securities and Exchange Commission (SEC) v. Ripple court ruling may impact the way businesses and lawmakers address crypto, his call for regulatory clarity remains the same.In a July 7 op-ed with The Wall
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“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank's analysts wrote, keeping COIN’s rating at underweight with a $70 price target. "This may also provide incremental clarity for future token issuances.” Source
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Ripple's XRP Ruling Does Nothing for Regulatory Clarity Source
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Stu Alderoty, the chief legal officer for Ripple Labs, has reportedly said United States-based banks may turn to XRP for cross-border transactions following a recent court ruling.According to a July 17 CNBC report, Alderoty expressed confidence that U.S. banks and financial institutions could begin exploring XRP for use in cross-border
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the aftermath of Ripple’s victory over the United States Securities and Exchange Commission (SEC), retired securities lawyer Marc Fargel shared his skeptical insights on social media. Despite his reservations, he acknowledged that crypto enthusiasts
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