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Ripple, Kraken Executives Suddenly Realize They’re Not Above the Law After All (SHOCKER)

AltcoinsCrypto News 2 Linda Williams August 25, 2024

A judge's gavel falls onto a pile of coins with dollar signs and question marks scattered around it, while in the background a giant 'SEC' logo is being torn apart by chains.

Well, it looks like Ripple and Kraken are still trying to convince us that their precious crypto assets aren’t securities after all. Because what could possibly go wrong with a regulatory framework based on ‘it’s not a security if we say so’?.

Source: bitcoin.com

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC's Crypto Securities Lawsuit
https://news.bitcoin.com/ripple-kraken-legal-chiefs-weigh-in-on-court-decision-in-secs-crypto-securities-lawsuit
The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the SEC, whose entire regulation-by-enforcement strategy hinges on that failed premise,” said Ripple’s chief legal officer. […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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