Is the SEC Playing Favorites? Pro-XRP Lawyer Questions Double Standards in Crypto Donations
The post Is the SEC Playing Favorites? Pro-XRP Lawyer Questions Double Standards in Crypto Donations appeared first on Coinpedia Fintech News
In a recent tweet, pro-XRP lawyer Bill Morgan raised concerns about the Securities and Exchange Commissions (SEC) stance on crypto donations, questioning whether theres a double standard in how such donations are treated. This follows the SECs earlier claim that Ripples donations and giveaways were considered securities under their single-year offering of XRP.
SECs Past Stance on Ripples Donations
In the SEC v. Ripple lawsuit, the SEC once argued that Ripples donations and giveaways of XRP were part of a broader securities offering. This claim suggested that such transactions should be regulated as securities.
However, recent reports indicate that Kamala Harris accepts crypto donations through Coinbase. This development raises questions about whether these donations also fall under the category of securities.
Bill Morgans Critique
Morgan, reacting to the SECs position on Harriss crypto donations, challenged SEC Chair Gary Gensler on social media. He questioned if the crypto donations to Harris were being treated as crypto asset securities investment contracts, much like the SEC previously argued about Ripples donations.
Morgans comments suggest a potential double standard in the SECs regulatory approach, highlighting a disparity between their treatment of Ripple and current crypto donation practices.
As the debate continues, many are left wondering if the SECs policies are being applied uniformly or if certain cases are treated with more leniency.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
