![Ripple [XRP]: On regulatory heat, crackdowns, and the way forward](https://i.headtopics.com/images/2023/2/20/cryptoamb/ripple-xrp-on-regulatory-heat-crackdowns-and-the-w-ripple-xrp-on-regulatory-heat-crackdowns-and-the-w-1627753203159732257.webp)
Blockchain policy specialists’ opinions differ as per the crypto regulatory clampdown despite XRP’s long-standing SEC case. The U.S. Congress intends to look into the recent operation. The recent hostility shown in the crypto sector could be vital to Ripple’s [XRP] final result in its battle against the SEC. The final regulatory choices might have the […]
But Hinkes maintained the bill did not consider the protection of validators, miners, and node operators. Referring to some section of the bill which imposes fines on the parties above, Hinkes noted,
“The manner in which it seeks to protect consumers is to require node operators miners & validators to do impossible things, or things that create for themselves new criminal & civil liability at pain of fines.”over the last one month has not been the best. Despite notable hikes in active addresses in January, it had failed to replicate the performance.This means that there has been a reduction in the number of sending and receiving wallets on the Ripple network.
On the other hand, Jake Chervinsky, supported the regulatory heat, noting that policy might be necessary due to the way theThe agencies were caught off-guard by FTX and 2022's other failures, so now they're overcorrecting with harsh enforcement and restrictive rulemaking.— Jake Chervinsky
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