Ripple general counsel is unhappy with SEC chair's recent comments XRP RippleXRP $XRP XRPArmy XRPCommunity
"Squawk Box," U.S. Securities and Exchange Commission Chair Gary Gensler stated that crypto investors need better protection in a space that is"significantly non-compliant" despite clear regulations.
The SEC chair stated this in light of the FTX implosion that occurred in the past week, with its rival Binance walking out on a bailout deal for the embattled crypto exchange.Gensler has often suggested that the"Wild West" of crypto would need more active regulation. He had suggested in September that crypto trading platforms register with the SEC and also segregate their operations into different legal entities to mitigate conflicts of interest.
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