A US lawmaker, Rep. Ritchie Torres, has called on the Securities and Exchange Commission (SEC) to reassess its approach to cryptocurrency regulation following a landmark ruling on XRP. Rep. Torres emphasized the need for the SEC to focus its enforcement actions on bad actors in the crypto industry and criticized the lack of clear guidance from the SEC under Chairman Gensler. He also urged the SEC to provide fair notice to the industry and to reconsider its “assault” on the crypto industry. The lawmaker referred to the court decision as the “Torres Doctrine.”
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