Recently, pro-XRP lawyer Bill Morgan raised concerns about the Securities and Exchange Commission’s (SEC) stance on crypto donations, questioning whether there’s a double standard in how such donations are treated.
SEC’s Past Stance on Ripple’s Donations
In the SEC v. Ripple lawsuit, the SEC once argued that Ripple’s donations and giveaways of XRP were part of a broader securities offering. This claim suggested that such transactions should be regulated as securities.
Bill Morgan’s Critique
Morgan, reacting to the SEC’s position on Kamala Harris's crypto donations, publicly challenged SEC Chair Gary Gensler. He questioned if the crypto donations to Harris were being treated as ‘crypto asset securities’ investment contracts, much like the SEC previously argued about Ripple’s donations.
Questions of Regulatory Fairness
Morgan’s comments raise questions about potential double standards in the SEC’s regulatory approach, highlighting a disparity between their treatment of Ripple and current crypto donation practices. It leaves many wondering if the SEC’s policies are being applied uniformly or if some cases are treated more leniently.
As the debate continues, many are left wondering if the SEC’s policies are being applied uniformly or if certain cases are treated with more leniency.
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