Is SEC still Bug Hunting for Crypto?
Securities and Exchange Commission (SEC) Commissioner Hester Peirce, known as the “Mother of Cryptocurrencies,” took a distinctive stance in defense of the company “Ripple Ally,” expressing her strong opposition to the measures taken against the company LBRY, which specializes in blockchain technology.
The case, which involved LBRY, concerned the alleged unregistered sale of its tokens, and has shed light on broader issues of regulation and laws relating to cryptocurrencies.
Pearce expressed her concern about the methods followed by the authority in dealing with cryptocurrency issues, noting the ambiguity and lack of clarity in the application of the laws.
In addition, Pearce criticized the fine imposed on LBRY, which initially amounted to $44 million, before it was later reviewed and reduced.
She also expressed her regret for the negative impact that this type of action may have on innovation in the field of blockchain technology.
Stuart Alderotti, the legal advisor to Ripple, showed his appreciation for Pearce’s position, stressing his position against the authority and its approach to dealing with cases of non-fraudulent cryptocurrencies, calling for a stronger objection and being ready to consider using multiple legal means to defend the interests of investors and users in this field.
Posted using Tribaldex Blog
Hello! I've been thinking about the potential downsides of staking, especially the mandatory lock-in periods. How do you manage liquidity while ensuring stable staking rewards? Are there any creative solutions or strategies to share? I saw that on the website https://stakingy.com you can get risk management tools and resources that allow users to assess and reduce potential risks associated with staking, so I want to figure it out.