CandleFocus Ripple Exec Takes Dig at SEC on Christmas
2024-12-25
Author: Content Editor
David Schwartz, the CTO of Ripple, has taken a jab at the US SEC in a social media post, expressing opposition to "regulation by enforcement." Ripple, along with other industry leaders, has been actively fighting against the SEC's enforcement strategy, which has faced significant backlash. Schwartz has previously criticized the SEC for its lack of clear cryptocurrency regulation. However, recent developments seem to favor the cryptocurrency industry, as SEC Chair Gary Gensler is set to be replaced by Paul Atkins, a pro-crypto nominee, and two anti-crypto commissioners are leaving the agency.
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