.GaryGensler’s recent comments suggest the commission is mulling over its options SEC Ripple XRP
The recent ruling in the Ripple case, which determined that Ripple-affiliated XRP token does not require disclosures when selling directly to exchanges, was met with mixed reactions. The verdict resulted in an 80% rally in XRP, only to be followed by a price drop. Speculation is now rife that the SEC may pursue an interlocutory appeal. Gensler's latest comments have only added fuel to this speculation.
The SEC Chair cautioned,"This is a field that is rife with fraud, rife with hucksters. There are good-faith actors as well, but there are far too many that aren't.”
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