Ripple – market structure bill
Rep. Glenn “GT” Thompson (R, PA), Chair of the House Agriculture Committee, sees new hope in the District Court Judge Analisa Torres ruling last week in the SEC vs Ripple lawsuit.
According to Bloomberg, Chair Thompson said to reporters, “The Ripple decision has highlighted what we’ve been saying all along — there’s confusion about how digital assets are treated under the securities laws, and it’s up to Congress to step in and provide both certainty and clarity.”
Furthermore, Thompson said this could help Democrats come aboard the new market structure bill “and even co-sponsor the bill” which is currently shepherded by House Ag and the House Financial Services (HFS) Committee. Read it.
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Blockchain Association’s Ron Hammond published a Twitter thread noting there is currently one Republican version of the market structure bill, no Democratic version. He explains, “However, the Ripple case changes this. Some hate the outcome, others praise it. Regardless of one’s takeaway, there is a common theme of confusion after the fact and legislation is the only clarifying force.” Read it. Will Democrats engage? Continue reading “Market Structure Bill May Gain Momentum; Senators Offers NDAA Amendment On Crypto”