Crypto Senator Cynthia Lummis Supports SEC vs. Ripple Case Judgment
– Senator Cynthia Lummis, a crypto advocate, expresses support for the recent judgment in the SEC vs. Ripple case.
– Lummis applauds the finding that crypto assets traded in secondary markets are not investment contracts.
– The ruling aligns with the proposed crypto legislation introduced by Lummis and Senator Kirsten Gillibrand.
– The bill aims to provide comprehensive regulation of digital assets and clarify tax and consumer protection requirements.
– Critics challenge Lummis’ interpretation of the ruling, arguing that the court did not address all secondary sales.
Hot Take: Lummis’ Support for Crypto Regulation
Senator Cynthia Lummis, a vocal supporter of cryptocurrency, has voiced her approval of the recent judgment in the SEC vs. Ripple case. Lummis believes that the court’s decision, which states that crypto assets traded in secondary markets are not investment contracts, aligns with the proposed crypto legislation she co-introduced. Despite some critics contesting Lummis’ interpretation of the ruling, she remains steadfast in her advocacy for a regulatory framework that prioritizes consumer protection in the crypto industry.
By
By
By
By
By