Petition for withdrawal of Ripple lawsuit, 30,000 signed petitions delivered to SEC chairman
Dogecoin developers say they have been working with Elon Musk since 2019
May 16, 2021Data, Bitcoin market share 40% Ethereum 20%
May 16, 2021It is reported that a petition with more than 30,000 signatures will be filed with Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), on the XRP’s trial on the issue of unregistered securities. Coinpost reported this on the 15th.
This petition requires the SEC to drop the lawsuit. And he commissioned an investigation into former SEC chairman Jay Clayton and former senior manager William Hinman, who said, “Bitcoin (BTC) and Ethereum (ETH) are not securities.” They pointed out the problems of XRP and are questioning whether there was a special motive for Bitcoin and Ethereum that are not securities.
The above tweet is a post from last month stating that he will write a petition. Thomas Hodge, who started “Crypto & Policy” to deliver the latest information on cryptocurrency, started this activity.
On the 15th, Hodge announced that the petition will be submitted to Chairman Gensler from now on as a signatory gathers. He called for the suspension of XRP’s trial, demanding that the U.S. cryptocurrency industry be restructured with clear and sound regulations. It is explained that future trends are also reported frequently.
In this trial, which started with a lawsuit in December 2020, the SEC filed a new application to the Court last week asking Ripple to disclose information. What the SEC is demanding is documents such as records of legal advice that Ripple has been receiving on whether XRP is a securities since around 2012.
※ Coincode, a simple personal blog, is a paraphrase & reference from overseas news. Coin codes are not based on facts, and there may be misinterpretations. Therefore, the coin code cannot be used as a basis for investment judgment. Note please. For quick news, please use Twitter or Medium for each coin.
[Coincode (coincode.kr), if you share, please leave the source. ]
The post reflow needs to take action petition, 30,000 signed a petition sent to the SEC chairman appeared first on the coin code .
Disclaimer: The content of the “Coin Code Spot” section is one source that is provided after translation into Korean or English, and is composed based on a reliable source, but it does not mean that the information has been confirmed, and can only be used as a reference. Comments cannot be provided. Faster and faster breaking news of various foreign media is available at’coincode.kr’ .
FINTECHPOST
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
