US Congressman Ritchie Torres Challenges SEC's Crypto Onslaught
Portfolio Pulse from Murtuza Merchant
US Congressman Ritchie Torres has written a letter to SEC Chair Gary Gensler, questioning the SEC's aggressive approach towards cryptocurrencies. This follows the SEC's unsuccessful lawsuit against Ripple, where the court ruled that XRP does not qualify as a security. Torres argued that the SEC had been careless in its application of the Howey Test, used to determine if transactions qualify as 'investment contracts'.
July 18, 2023 | 7:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Binance's BNB may be affected by the SEC's approach towards cryptocurrencies.
As a major player in the cryptocurrency industry, Binance's BNB could be negatively impacted by the SEC's aggressive approach towards cryptocurrencies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Coinbase Global Inc may be affected by the SEC's approach towards cryptocurrencies.
As a major player in the cryptocurrency industry, Coinbase could be negatively impacted by the SEC's aggressive approach towards cryptocurrencies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Ripple's XRP may be affected by the SEC's approach towards cryptocurrencies.
As a major player in the cryptocurrency industry, Ripple's XRP could be negatively impacted by the SEC's aggressive approach towards cryptocurrencies.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70