US Congressman Ritchie Torres has addressed the SEC, saying that after his partial defeat in the XRP case, he needs to put an end to the crypto attack and reassess his stance on the issue.
US Congressman Ritchie Torres 18 July to the U.S. Securities and Exchange Commission (SEC) and its President To Gary Gensler addressed to in the letterstated that it should stop attacking crypto.
Torres also wrote in his letter, Ripple (XRP) part of the case from defeat for the crypto industry your attitude again urged to review And He said he was looking forward to it.
seen last week SEC-Ripple in his case Judge Analisa TorresXRP in certain scenarios not be considered securities. had decided. This decision is for the cryptocurrency market and Ripple. partial One victory was seen as.
Torrestogether with the decision made in this context, the SEC’s regulation at the point extreme your moves Judge Torres by being restricted suggested. SEC’s decision not satisfied while being known to appeal various ways to go guess And speculations spread to the market.
However, Congressman Torresthe SEC soon chances of appealing low that in the case yet unresolved points and that this issue detailed stated that it requires an information gathering process.
of the SEC in the gentes for the crypto industry one rule not even issued, and besides, to companies guidance than to that you avoided most of the time, all the regulator does is with himself And US Commodity Futures Trading Commission (CFTC) with conflicting He said he was sending messages. In Torres’ letter, the SEC arbitrary And political accused of behaving.
At this point, together with the decision of the regulator, to realize his mistake and in the industry fraud, market manipulation And theft as serious violations actors who perform trying to catch He said he hoped.
I hope the SEC feels so embarrassed by the court order that it focuses its energies only on malicious actors who commit serious violations such as fraud, market manipulation, and embezzlement of client funds.
The congressman, on the other hand, made the decision in the court Judge Torres for the last name “Torres Doctrine” called it, and that this doctrine is also the SEC’s to Coinbase in his lawsuit weakening your hand also suggested.
Torres last week Ripple case after that SECagainst cryptocurrency markets attitude and one intermediary institution considered suspicious licence about two separate inquiries had been found.