{"id":533401,"date":"2023-05-17T09:30:42","date_gmt":"2023-05-17T09:30:42","guid":{"rendered":"https:\/\/wncen.com\/?p=533401"},"modified":"2023-05-17T09:44:52","modified_gmt":"2023-05-17T09:44:52","slug":"coinbase-and-ripple-playing-game-of-poker-with-the-sec-cnbc-correspondent","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/coinbase-and-ripple-playing-game-of-poker-with-the-sec-cnbc-correspondent\/","title":{"rendered":"Coinbase And Ripple Playing Game Of Poker With The SEC, CNBC Correspondent Says"},"content":{"rendered":"
Amid deep regulatory uncertainty in the United States, several cryptocurrency firms consider sailing to more welcoming atmospheres. Top US-based firms Ripple and Coinbase, who’ve been cross-chairs with the Securities and Exchanges Commission (SEC), have already hinted at possible relocation. <\/span>Reacting to the issues, two CNBC correspondents, Ryan Browne, and Arjun Kharpal, <\/span>weighed<\/span><\/a> in.<\/span><\/p>\n According to the journalists, crypto companies like Ripple and Coinbase are playing a poker game with the SEC.<\/span><\/p>\n The regulatory atmosphere in the US crypto space has become supercharged over the past few months as the SEC accelerated their crackdown moves against crypto companies. <\/span>The SEC turned its attention to Coinbase, Binance, Bittrex, and Kraken amid long-running litigation with Ripple.<\/span><\/p>\n Related Reading: Why Litecoin Is The Most Undervalued Asset in Crypto<\/a><\/p>\n These firms aren’t comfortable with the increased enforcement threats from the regulators as t<\/span>hey <\/span>complain<\/span><\/a> the SEC has taken the regulation-by-enforcement approach without providing any clear guidelines for them.\u00a0<\/span><\/p>\n Coinbase and Ripple even threatened to relocate their business outside the US, hoping regulators would reconsider their hawkish stance.<\/span><\/p>\n The CNBC correspondents further noted that Ripple executives joined forces to publicly criticize the SEC and gain support from the broader crypto community.\u00a0<\/span><\/p>\nCrypto Firms Threaten Relocation To Ease Regulatory Pressure<\/h2>\n
Prioritizing Politics Over Policy Is Unfavourable for the Economy, Ripple CEO Says<\/h2>\n