In Washington there is a strong stagger about the future of Crypto. It’s all about the Digital Asset Market Clarity Act (Clarity Act), a bill that should finally give clear rules for digital currency. Republicans and the Senate Committee for Banking Affairs want to get the law through it before 30 September.
Democrats are fierce. Maxine Waters, member of the House Financial Services Committee, warns that Republicans are trying to push “dangerous” cryptow legislation on. She also lashes out at the Anti-CBDC Surveillance State Act, a proposal that would prohibit issuing a digital US Central Bank Munt (CBDC).
Ripple case finally completed
The political debate follows briefly on the final piece of one of the most famous crypto rights cases. After almost five years, the fight between the American stock market watchdog SEC and blockchain company Ripple Labs is over. Both parties have withdrawn their professions and pay their own costs.
The case started in December 2020, when the SEC Ripple accused of illegal collecting of 1.3 billion dollars through the sale of unregistered XRP tokens. Although the process kept the sector in its grip for years, supervisors now prefer to look ahead.
SEC wants to continue
According to SEC Commissioner Hester Peirce, the end of the Ripple lawsuit finally offers room to work on clear rules. SEC chairman Paul Atkins says that the focus is now on innovation, with the protection of investors.
Source: https://newsbit.nl/sec-gaat-zich-op-duidelijke-cryptoregelgeving-richten-na-ripple-rechtszaak/
