News Explorer — Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling

By Decrypt July 19, 2023 In Ethereum, Gnosis, NFTs, Ripple

AD

Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling

New York Democrat Ritchie Torres has criticized the SEC for its lack of clear guidance to the crypto industry after losing its legal battle against Ripple Labs. Torres wrote an open letter to SEC Chairman Gary Gensler, stating that the agency’s regulation by enforcement approach had a bad day in court. He highlighted that the judge’s ruling in the SEC v. Ripple Labs case reflected a strict application of the Howey Test, which the SEC has applied poorly according to Torres.

gary-gensler-gID_7.jpg

Source Article

Advertisement

Latest

Decrypt

‘Neopets’ Cancels NFT Game After Raising Money From Polygon, Avalanche

Neopets Meta CEO Dominic Law’s promotion of the Neopets Metaverse NFT game has abruptly been canceled, with the team tra… Read Summary

neopets-metaverse-gID_7.jpeg

Source Article

Decrypt

Coinfund Raises $152 Million to Boost Early-Stage Crypto, AI Startups

Coinfund, a New York-based venture capital firm, has raised $152 million in its latest fundraising round, focusing on pr… Read Summary

venture-capital-funds-shutterstock-gID_7.png

Source Article

Decrypt

Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling

New York Democrat Ritchie Torres has criticized the SEC for its lack of clear guidance to the crypto industry after losi… Read Summary

Source Article

The Block

Nevada Court Approves Putting Crypto Custodian Prime Trust Into Receivership

A Nevada district court judge has approved a petition to place crypto custodian Prime Trust into state regulators’ recei… Read Summary

Source Article

Jul 18, 1:50 pm

Decrypt

Microsoft Broadens AI Bets Beyond OpenAI With Meta Alliance

Microsoft has announced a partnership with Meta to integrate Meta’s AI model, LLama 2, into the Microsoft Azure cloud co… Read Summary

Source Article

Jul 18, 1:37 pm

Blockworks

CME Group Among Institutional Investors Remaining Interested in Crypto

Despite the rocky start to 2022, institutional investors have shown continued interest in cryptocurrencies and their und… Read Summary

Source Article

Jul 18, 1:14 pm

Blockworks

Gnosis Launches Visa-Enabled Gnosis Card With Euro Stablecoin Support

Gnosis has launched the Gnosis Card, a Visa-enabled debit card connected to an on-chain, self-custodial wallet. Users ca… Read Summary

Source Article

Jul 18, 1:01 pm

Decrypt

Vitalik Buterin Explains How Ethereum Plans to Make Crypto Wallets as Simple as Email

Ethereum cofounder Vitalik Buterin discussed the elegance of modern account abstraction at the Ethereum Community Confer… Read Summary

Source Article

Jul 18, 12:47 pm

Decrypt

Asset Managers Back Bitcoin But Hold More Ethereum in CoinShares Poll

A recent CoinShares poll of asset managers revealed that Bitcoin is seen as having the most promising growth potential,… Read Summary

Source Article

Jul 18, 10:33 am

Fortune

Polychain Capital Raises $200 Million While Cutting Research Team

Polychain Capital has raised around $200 million in the first close of its fourth fund, signaling ongoing interest in th… Read Summary

Source Article

Jul 18, 9:03 am

The Block

Pogs Go Digital With Theta Labs Blockchain Deal

Theta Labs, an entertainment-focused blockchain company, is partnering with Pogs, the 1990s milk cap game company, to pu… Read Summary

Source Article

Jul 18, 9:01 am

Decrypt

Galaxy Commanders’ NFT Space Battler Coming to Immutable zkEVM

Galaxy Commanders, a PvP space shooter developed by MagmaByte, a startup including former Electronic Arts, NCSoft, and N… Read Summary

Source Article

Jul 18, 8:10 am

Blockworks

Congressman Calls for a New Test for Evaluating Crypto Assets

Representative Ritchie Torres has written a second letter to the SEC, urging them to reconsider their approach to crypto… Read Summary

Source Article

Jul 18, 7:13 am

DL News

Neopets Shuts Down Metaverse NFT Experiment

Neopets has shut down its web3 experiment, Neopets Meta, which featured NFTs and a play-to-earn metaverse. The decision… Read Summary

Source Article

Published on

Decrypt

View the full article

You may also like