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Tag: Lawsuits

SEC May Have Bitten more than What it can Chew: Forb Contributor.
Ripple News

SEC May Have Bitten more than What it can Chew: Forb Contributor.

The Security Exchange Commission (SEC)may have bitten more than what it can chew, this was revealed in a tweet by a well-respected Forb contributor Sam Lyman, in its law-suite with XRP, a digital company associated with Ripple. According to Lyman, Gary Gensler’s accusation of the industry lacking regulatory compliance rather than clarity is still in motion. But the agency's effort to make digital assets as security and to subject them to security laws are being challenged unexpectedly by big players in the digital world. Lyman said that the paradox between the SEC's past statement and its position is becoming clear to the court. https://twitter.com/SamLyman33/status/1660276259337715713?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1660276259337715713%7Ctwgr%5Eef39370925c...