Many thought Ripple will lose against the SEC but here we're with a win and the SEC's power over the crypto space is being given a rethink. I think it creates a model that other crypto projects can follow to stay out of reach or not bullied by the SEC.
Clear regulations will really be helpful for the crypto space but the way SEC is trying to do it isn't working for most.
You are viewing a single comment's thread from:
Exactly, this win might gradually boost the confidence of other crypto projects that just wants to up and leave the space without even putting up any fight at all. Gensler's way of fighting crypto is just pure foolhardiness, regulations won't hurt so bad if it's done rightly.
Very true, there isn't much sense or clarity in what he's trying to do. Outright banning crypto has no basis. But they(SEC) definitely have something up their sleeves, looking forward to see what they'll be bringing next.