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Possible Double Standards in SEC's Crypto Donations Approach

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by Giorgi Kostiuk

10 months ago


  1. SEC’s Past Stance on Ripple’s Donations
  2. Bill Morgan’s Critique
  3. Questions of Regulatory Fairness

  4. 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.

    Remember that the SEC at one point in the SEC v Ripple lawsuit did argue that donations and giveaways by Ripple were part of Ripple’s single years offering of XRP and were securities. The SEC’s initial position was that crazy. Crypto donations to Harris however are all good.Bill Morgan

    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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