Ripple Dey Find Regulatory Clear For Senate Crypto Bill
Ripple don respond to Senate Banking Committee draft Crypto Market Structure Bill, dem dey urge make regulatory clarity dey to define SEC and CFTC jurisdiction. Dem dey demand clear regulatory role to reduce legal wahala for digital asset market. For their RFI response, Ripple talk say unclear oversight boundary fit cause confusion for the industry. Dem challenge some extra asset rules wey fit make SEC dey check tokens like XRP, ETH and SOL long time, dem suggest make dem use CLARITY Act framework and remove tokens wey don dey open network pass five years from securities classification. Ripple also talk say Howey Test suppose clear make enforcement no dey open end. Dem sef support say federal law suppose carry head for top state laws about token classification, custody standards, market structure and stablecoin issuance to get uniform national rules. Ripple believe say all these things go help innovation, reduce legal risk and stabilize market.
Bullish
Ripple call for clear rules fit mek crypto market better. Before, unclear rules cause wahala and legal fight, like SEC fight unregistered tokens. If SEC and CFTC get clear area to work, e go reduce compliance wahala for projects and trading platforms, traders go feel more sure. Short term, markets fit happy as regulatory wahala reduce, e fit help asset prices like XRP, ETH and SOL. Long term, same federal rules and stop conflicting state laws go make institutions join, stablecoins come out, and market innovate. Like when SEC give Bitcoin futures guide in 2018, trading volume and new products increase. If Ripple push for correct Howey Test and remove mature tokens from CLARITY Act, e fit reduce lawsuits and make growth steady. Overall, this go make regulatory place steady, e dey support good market feeling.