“The US Securities and Exchange Commission (SEC) plans to focus on creating clear rules for the cryptocurrency industry after the five -year trial with Ripple. This was stated by the chairman of the regulator Paul Atkins. Commissioner Peirce is Right. Withis chapter closed, we now have an opportunity to shift Our Energy from the Courtron to the Policy Drafting […]”, – WRITE: Businessua.com.ua
US Securities and Exchange Commission (SEC) plans to focus on creating clear rules for cryptocurrency Ripple. This was stated by the chairman of the regulator Paul Atkins.
Commissioner Peirce is Right. Withis Chapter Closed, We Now Have An Opportunity to Shift Our Energy From the Courtronic to the Policy Drafting Table. Our Focus Should Be on Building A Clear Regulatory Framework that Foters Innovation While Protecting Investors. #Projectcrypto
– Paul Atkins (@secpaulsatkins) August 11, 2025
“Now that this chapter is closed, we can redirect efforts from the courtrooms at the table of policy. We need to focus on creating a clear regulatory framework that will stimulate innovations and at the same time protect investors, ”he wrote.
So Atkins reacted to the SEC Commissioner’s post Gester Pierce, which is called “cryptoma” in cryptocurrency. She called the end of the dispute between the regulator and the Fintech Company “The long-awaited event”.
“Experts who have previously been engaged in lawsuits can now focus on creating transparent regulation for cryptocurrency,” she added.
SEC filed a lawsuit against Ripple in 2020, accusing the company of sale of unregistered securities in the form of XRP tokens. In July 2023, Judge Analas Torres decided that the trade in the exchanges did not contradict US law, but the proposal of Token to institutional investors is still a violation.
Ripple was obliged to pay a fine of $ 125 million, while the SEC first demanded $ 2 billion.
The completion of the case coincided with the promotion of the Clarity ACT draft law, which forms a regulatory framework for the entire cryptostor. On July 18, the US Congress approved the initiative.
Republican party representatives plan to approve Clarity ACT by the end of September. At the same time, many Democrats, including the Chairman of the Committee of the House of Financial Services, Maxin Wters, according to the bill “dangerous” and oppose.
We will remind, in July Ripple applied for a national banking license to the management of the controller of US money circulation (OCC). The information was confirmed by CEO Brad Harlinghaus.
The gun
Please wait …