The SEC stays mum about Ether’s regulatory standing amid accusations of selecting winners and losers that come from the more and more pissed off XRP group
U.S. Securities and Trade Commissioner Hester Peirce didn’t reply whether or not or not Ether, the second-largest cryptocurrency, is a safety when requested by her Twitter follower.
Slightly than analyzing the standing of specific belongings, I have to give attention to constructing a smart and clear regulatory framework for crypto.
— Hester Peirce (@HesterPeirce) November 21, 2021
The “Crypto Mother” says that she is keen to construct a “smart and clear” regulatory framework for cryptocurrencies, however she won’t give attention to specific digital belongings.
As reported by U.Today, SEC Chair Gary Gensler has repeatedly dodged the exact same query on quite a few events, making it clear that he won’t talk about separate cryptocurrencies to stay impartial.
On the similar time, the company has distanced itself from a 2018 speech made by its former prime official William Hinman, through which he famously mentioned that Ether just isn’t a safety.
Amid the SEC’s nearly year-long authorized battle with Ripple, requires regulatory readability proceed to persist.
Final month, Ripple CEO Brad Garlinghouse opined that Ether had managed to surpass XRP by market capitalization due to the SEC’s “free move.”
Peirce, regardless of being a staunch crypto supporter for years, has refused to talk about the Ripple case since SEC Commissioners are prohibited to talk about ongoing litigation or enforcement actions.