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Thursday

13 May 2021

Crypto Regulation: US House of Representatives Passes Crypto Task Force Bill

Crypto Regulation: US House of Representatives Passes Crypto Task Force Bill


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Ripple argues that XRP is a product and, therefore, beyond the SEC’s jurisdiction, although the regulator says that Ripple ran an unsuccessful offer of securities.  Hopefully, the Task Force will clarify these concerns.

The initiative sheds light on the issue that the crypto ecosystem does not have legal certainty.

Continuing, she stated that the country’s use or trade of cryptocurrencies will not be stopped or prevented

Lummis clarified that regulators do not generally have a full grasp of the crypto-verse, so they need expert assistance to understand the functioning and the proper regulation of these emerging technologies.

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