The Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has expressed his disappointment that the sales of XRP on exchange platforms are not classified as a security. He also mentioned the SEC’s engagement in rule-making procedures and its efforts to develop clearer regulatory frameworks for the crypto industry. The outcome of the Ripple vs SEC lawsuit could set a precedent for future regulatory actions and influence the treatment of other cryptocurrencies. Gensler’s statement could potentially impact market dynamics and investor behavior. However, it is important to note that his statement does not directly change the court ruling or ongoing legal proceedings.
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