Ripple's s_alderoty wants SECGov chair to be held accountable
, he accused Gary Gensler of prejudging that every digital asset is a security and, as such, he needs to recuse himself from enforcement actions related to the nascent asset class.
In buttressing his point, Chervinsky noted that every enforcement action initiated by the market regulator must follow the Wells Process. Here, cases brought on by the staff of the SEC must be impartially assessed by the commissioners, who are meant to be neutral. Chervinsky posited that, as a senior official, Gensler is far from being a neutral arbiter, as he has regularly christened all cryptocurrencies besides Bitcoin as securities.
Many industry insiders, including Chervinsky, believe the position taken by the SEC chair is wrong and that the top regulator is unwilling to engage himself in the careful analysis that is required to determine whether each asset in the crypto industry is a security or not.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Case Arguments Used in Coinbase Response to SEC Suit: Pro-Ripple LawyerThis lawyer has stated that Coinbase has been using certain information/experience from Ripple case
Read more »
Pro-Ripple Lawyer Highlights SEC's Breach of Allegiance in Wake of These Comments.JohnEDeaton1 Pro Ripple lawyer: Judge stated SEC lacks faithful allegiance, there's more to it XRPArmy XRPCommunity XRPholders
Read more »
Pro-Ripple Lawyer Spots Positive Sign for Bitcoin, Eyes $50,000 BTCBitcoin: Pro Ripple lawyer believes BTC holders might push price above $50K $BTC
Read more »
Broad Ripple Village Association bands together to stop crime, gun violenceAll bars and restaurants in Broad Ripple Village will now close at 1 a.m. until further notice. The reasoning behind the change is to help eliminate the string of violence the Village has recently seen.
Read more »
Scientists have finally 'heard' the chorus of gravitational waves that ripple through the universeScientists have observed for the first time the faint ripples caused by the motion of black holes that are gently stretching and squeezing everything in the universe.
Read more »
Scientists have finally 'heard' the chorus of gravitational waves that ripple through the universeScientists have observed for the first time the faint ripples caused by the motion of black holes that are gently stretching and squeezing everything in the universe
Read more »