EddieJayonCrypto
8 Feb 24
U.S. Senate Janet Yellen has recently called for Congress to regulate the crypto sector, drawing attention to the potential risks and the necessity to fill the gaps in crypto regulation. This comes in contrast to the Securities and Exchange Commission's previous statements asserting that there are n...
U.S. Senate Janet Yellen has recently called for Congress to regulate the crypto sector, drawing attention to the potential risks and the necessity to fill the gaps in crypto regulation. This comes in contrast to the Securities and Exchange Commission's previous statements asserting that there are no legislative gaps. Ripple’s Chief Legal Officer, Stuart Alderoty, and XRP attorney John Deaton have highlighted the inconsistencies between Yellen's urgent call for regulation and the SEC's previous stance, raising questions about the regulation of crypto assets as securities.
Earlier this week, Senator Yellen urged Congress to pass new legislation to provide clarity in crypto regulations, emphasizing the potential risks of the evolving crypto sector and the necessity to fill the gaps in crypto regulation. This comes in contrast to the SEC's previous statements asserting that there are no legislative gaps, creating an inconsistent regulatory landscape for crypto assets.
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