Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration

Chair Gensler says SEC reaction to Ripple decision is mixed, still under consideration



Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), was questioned twice about the Ripple decision shortly after the ruling. In response, his main message was that he preferred not to discuss it.



During his talk on artificial intelligence at the National Press Club on July 17, Gensler was asked about the impact of the ruling on his stance on cryptocurrency and the need for federal legislation to clarify regulatory oversight. He stated that the SEC was pleased with the court's decision regarding the protection of institutional investors and fair notice. However, he expressed disappointment in how the ruling affected retail investors and mentioned that they were still evaluating the opinion.



Later in the day, during an interview with Yahoo Finance, Gensler reiterated his previous comments about


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#Adoption, #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Ripple, #SEC, #Xrp

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