SEC Desires to ‘Remake the Regulation,’ Relatively Than ‘Apply it,’ Says Ripple Common Counsel

Was Ripple was singled out among the many completely different initiatives inside the crypto ecosystem? He stated the corporate might have been utilized by the SEC to set an instance. The aftermath, nonetheless, led “almost each U.S. trade to delist or droop buying and selling in XRP,” Alderoty stated, which erased “$15 billion in market capitalization” from the corporate and prompted it to maneuver its operations “offshore.”