The US Securities and Exchange (SEC) commissioner remained silent on whether Ether is a security. The SEC has taken a number of measures against XRP and has come under accusations from the increasingly frustrated Ripple (XRP) community. The regulator, on the other hand, remains silent about the status of Ether. Details of the topic cryptocoin.com‘in.
To Ripple and Ethereum different treatment
US Securities and Exchange Commissioner Hester Peirce did not respond when asked by a Twitter follower whether Ether, the second-largest cryptocurrency, is a security. Hester Peirce (Crypto Mother) says she’s willing to create a “logical and clear” regulatory framework for cryptocurrencies, but won’t focus on specific cryptocurrencies. As reported by sources, SEC Chairman Gary Gensler has repeatedly skimmed the same question and has made it clear that he will not be talking about individual cryptocurrencies to remain neutral.
At the same time, the institution stayed away from a speech by its former senior official, William Hinman, in 2018, in which he effectively said that Ether is not a security. Amid the SEC’s nearly a year-long legal battle with Ripple, calls for “regulatory clarity” continue. Last month, Ripple CEO Brad Garlinghouse stated that Ether has managed to surpass XRP by market cap due to the SEC “giving way.” Although Peirce has been a staunch crypto supporter for years, he refused to talk about the Ripple case as SEC Commissioners are prohibited from talking about ongoing litigation or enforcement actions.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.