Ripple Dey Find Clear Talk From SEC and CFTC for U.S. Crypto Law
Ripple don give correct yawa feedback to U.S. Senate Banking Committee about the draft crypto market structure bill, dem base their talk on more than ten years of regulatory experience, plus their heavy fight with SEC. For their response, Ripple Chief Legal Officer, Stuart Alderoty talk say dem need to clear for who dey reason for SEC and CFTC so the industry go fit no dey confuse again. The company suggest make dem sharpen definitions, like introduce “auxiliary assets,” so tey balance consumer protection, market transparency and innovation well. The U.S. crypto law wey dem dey plan want define the main market structures, talk who go dey regulate am, make investors safe, plus solve new technical wahala. Ripple show how the U.S. crypto law fit take correct practical understanding to make the environment safe and transparent. Comments from all the industry, including Ripple, go help shape the final draft as Congress dey prepare for the next steps. The bill go soon enter Senate report phase before dem go vote for am.
Bullish
Dis kain progres na get-positive vibes because how Ripple dey active to shape how US crypto law go be dey show say we dey for road to beta clearer rules wey go reduce market gbege. For history, wen regulators drop clear rules – like after SEC do their crypto guidance for 2018 – market con respond well, con make asset price go up. If SEC and CFTC jurisdiction clear, e fit pull institution investors come, make market get plenty liquid cash and support beta volume for trade. Short term, XRP and olada tokens fit see price jolt cos people dey hopeful say legal wahala go reduce. Long term, well set US crypto laws go help grow steady market, make institution dem buy in and keep market stable.