A pro-Ripple lawyer has criticized the Securities and Exchange Commission (SEC) for creating uncertainty regarding the security status of cryptocurrencies Dash and XRP. The lawyer referenced the SEC’s recent lawsuit against Bittrex, which claimed that the exchange operated as an unregistered securities exchange. The lawyer argued that the SEC’s approach to regulation lacks clarity and hinders responsible innovation. The lawyer highlighted the case of Dash, which was launched in 2014, and questioned why the SEC only publicly expressed its view of it as a security nearly a decade later. The lawyer emphasized the need for regulatory clarity to support a conducive environment for innovation.
AI Sentiment: Negative