Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-23-25
Good Afternoon Dinar Recaps,
SEC STAFF READY TO ‘WORK EARNESTLY’ TOWARD A FRAMEWORK FOR CRYPTO REGULATION, SAYS COMMISSIONER HESTER PEIRCE
The U.S. Securities and Exchange Commission (SEC) is ready to reset its relationship with the crypto industry, according to Commissioner Hester Peirce.
The SEC’s new “Crypto Task Force” held its inaugural roundtable event on Friday, which brought together regulators, private-sector lawyers and digital asset firm executives.
At the event, Peirce, a longtime crypto advocate, spoke of “a restart of the Commission’s approach to crypto regulation.”
“The formation of the Crypto Task Force gave permission to staff in the building to work earnestly towards a workable framework for crypto regulation, and staff have responded with palpable enthusiasm. The enthusiasm in this room is also palpable, so let us seize the moment and have a meaningful conversation today.
This room is full of people—on the panel, on the Crypto Task Force, on the Commission staff, and in the audience—who are ready for [the] sprint ahead. People have been talking, thinking, and writing about the issues with which we are now wrestling. The roundtable series will allow us to explore the issues collaboratively.”
Peirce leads the Crypto Task Force, which launched in January. The commissioner said last month that the team is currently working on questions related to the security status, public offerings, custody and secondary market trading of crypto assets.
irce/
@ Newshounds News™
Source: DailyHodl
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RIPPLE LAWSUIT NEWS: SEC DROPS CASE, BUT HERE’S THE WORST CASE SCENARIO
Ripple’s recent legal victory over the SEC has caused a huge stir in the crypto world. After a long legal battle, the SEC dropped its lawsuit against Ripple, which has left the industry buzzing with excitement. This decision marks a huge shift in how regulators will handle digital assets in the U.S., and it could set an important precedent for future cases.
Jeremy Hogan, a legal expert, provided a detailed breakdown of the current situation, explaining that while the SEC has dropped its appeal, it’s still unclear if Ripple has agreed to the same.
He said that the judgment from Judge Torres, which includes a $125 million penalty and an injunction, is the worst case scenario for Ripple. Here’s what could happen next:
1. Ripple could continue appealing, seeking a court ruling on whether investment contracts require formal agreements.
2. Ripple might agree to drop its appeal, returning the case to the trial court where both sides could try to amend the judgment.
3. Ripple could drop its appeal and come to a private agreement with the SEC without modifying the judgment.
4. Ripple might just pay the $125 million and move on without further legal action.
This outcome could have lasting effects on the crypto industry, as the SEC’s decision to back off from its aggressive stance signals a potential shift toward more clear and balanced regulatory guidelines
The legal victory clears a major roadblock for Ripple and sets the stage for the company to continue its mission of revolutionizing cross-border payments.
It also suggests a future where digital assets may be regulated under clearer rules, creating opportunities for growth in the industry. If Ripple can maintain this momentum, it could be a game-changer for the crypto space and offer a new path forward for digital currencies.
@ Newshounds News™
Source: Coinpedia
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