Ripple and SEC Dey Quarrel About Crypto Regulatory Sandbox And Flexible Oversight For Blockchain Innovation
US SEC Commissioner Hester Peirce, plus Ripple, dey push SEC say make dem gree for crypto regulation wey go make sense, dem dey call for 'regulatory sandbox' or way dem go fit supervise am soft-soft so blockchain innovation go fit grow well for US. Peirce dey support dis 'regulatory sandbox' so e go fit help blockchain startup dem innovate and still follow rules. Ripple sef, dem dey point to UK and Singapore wey don do am finish and e work, dem dey ask for real-life crypto sandboxes under SEC eye. Dis proposed sandboxes go make digital asset projects dey tested for safe way without blocking dem from growing. But one person, Cathy Yoon from Wormhole Foundation, dey argue say make dem give blockchain projects temporary permission make dem no follow all di rules, she dey fear say dis sandboxes fit no fair or work well because of money wey e go cost and rules wey no dey constant. Dis gbege dey show say crypto industry dey vex say SEC rules too strong and dem no clear. As Ripple dey still fight dia case with SEC, dis discussions about rules important well-well to reduce plenty 'I no know' and to support responsible digital asset development. Crypto traders suppose dey watch dis developments well, because future SEC rules on sandboxes or exemptions fit affect how dem go follow rules and how new projects go dey operate, and e fit affect how market stable and how innovation go dey for cryptocurrency area.
Neutral
Dis news na full of tori about how dem dey argue about crypto rules for US market. Ripple and SEC Oga Hester Peirce wan make dem use small small rules wey go allow blockchain to grow, and Wormhole Foundation still give dem other advice. But for now, dem no talk say dem go change any law or policy quick quick. For XRP price and di whole crypto market, di effect don dey neutral for now, because na just talk talk about rules, no real action yet. But traders must sabi say: if dem bring better rules, e fit make di market dey go up (bullish), but if dem no gree or bad news about rules come out, e fit make di market dey fall (bearish). Before before, wen rules clear, market dey strong, but wen e no clear, trading dey slow or careful.