Ripple's CTO, David Schwartz, criticized the SEC's approach to regulation following Coinbase's recent legal victory over the agency.
SEC Regulatory Shortcomings
David Schwartz criticized the SEC's regulatory approach, highlighting that the lack of clarity from the SEC violates due process requirements.
Demand for Tailored Regulations
The cryptocurrency community expresses dissatisfaction with the SEC's silence on tailored regulatory frameworks, leaving issuers and exchanges uncertain about future enforcement actions.
Crypto Industry's Response
Stakeholders in the crypto industry demand clearer and more transparent regulations that acknowledge the diversity of digital assets.
Criticism from Ripple and other crypto community members towards the SEC underscores the need for clearer and fairer regulations for the cryptocurrency industry.
