{"id":187778,"date":"2021-09-29T21:30:53","date_gmt":"2021-09-29T16:00:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=187778"},"modified":"2021-09-29T14:34:59","modified_gmt":"2021-09-29T09:04:59","slug":"ripple-writes-to-u-s-senator-on-regulatory-havoc-and-confusion","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripple-writes-to-u-s-senator-on-regulatory-havoc-and-confusion\/","title":{"rendered":"Ripple writes to U.S Senator on regulatory ‘havoc and confusion’"},"content":{"rendered":"

SEC v. Ripple has generated a great deal of press and provoked strong words from stakeholders on both sides. As the lawsuit drags on, more American politicians have come out to express their views on the case and crypto-regulations at large.<\/p>\n

Most recently, in a statement dated 25 September, Ripple Labs Inc. responded to Senator Patrick Toomey’s request for feedback on the clarity of laws linked to cryptocurrencies and blockchain technology.<\/p>\n

In the letter<\/a>, Ripple criticized the current regulatory scene and offered suggestions for “achieving optimal outcomes.”<\/p>\n

Ripple’s General Counsel Stuart Alderoty shared<\/a> a link to the letter<\/a> and thanked Toomey for “engaging with the industry.”<\/a><\/p>\n

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2\/ It all comes back to clear regulatory frameworks that allow innovation to flourish, with consumer and market protections. We don\u2019t have clarity today in the US, despite those who insist on incorrectly suggesting otherwise. Thank you @SenToomey<\/a> for engaging with the industry.<\/p>\n

— Stuart Alderoty (@s_alderoty) September 28, 2021<\/a><\/p><\/blockquote>\n