By Elise Hansen (November 16, 2021, 8:13 PM EST) — Ripple Labs Inc. on Tuesday pushed for digital property to primarily fall underneath the regulatory purview of the Commodity Futures Buying and selling Fee — as the corporate is locked in heated litigation with the U.S. Securities and Change Fee over its personal signature digital asset, XRP.
Ripple launched a framework outlining its most well-liked ideas for cryptocurrency and digital asset regulation. The corporate backed a pair of payments that will put many digital property exterior the realm of securities, in addition to referred to as for innovation sandboxes and public-private dialogue.
“Cryptocurrency and blockchain know-how want clear regulatory and licensing frameworks designed to handle and…
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