Ripple's David Schwartz sees SEC tactics in a non-crypto lawsuit
- —Schwartz said he recognized SEC tactics in a non-crypto case
- —He pointed to vague definitions and expansive agency authority
- —The SEC accused Ripple in December 2020 of selling XRP as an unregistered security
- —Schwartz described the approach as regulation by enforcement
Why it matters: The remarks add to criticism of regulation-by-enforcement and highlight US regulatory uncertainty for the crypto industry.
Source: CriptoTendencias