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Replies to post #32782 on Ripple (XRPUSD)
ap17
11/01/22 1:47 PM
#32783 RE: ceaa #32782
ARGUMENT ...................................................................................................................... .............4 I.THE SEC’S ENFORCEMENT APPROACH TO DIGITAL ASSETS DEPRIVES STAKEHOLDERS OF FAIR NOTICE AND RISKS CHILLING INVESTMENT AND INNOVATION IN EMERGING DIGITAL TECHNOLOGIES . ..........................................................4 A. Blackletter Principles of Administrative Law Require Fair Notice, Particularly When It Comes To Regulation Of New, Evolving Technologies. ...........................................................................................................4 B. The SEC’s Actions Here Reflect An Approach To Digital Assets That Is Contrary To The Goal Of Predictability And Principles Of Fair Notice. ................5 C. The SEC’s Approach Risks Chil ling Innovation And Investment. .......................10 D. Rulemaking, Not Enforcement, Is The Proper Path Forward. ...............................14 II. THE CONSEQUENCES OF A RULING IN FAVOR OF THE SEC HERE UNDERSCORE THE SERIOUS PROBLEMS WITH THE SEC'S APPROACH TO ENFORCEMENT. . ......................17 A. The Existing Securities Regulatory Re gime Cannot Mechanically Be Applied To Digital Assets Such As XRP. .............................................................18 B. Holders Of Other Digital Assets, As Well As The U.S. Crypto Industry At Large, Could Be Harmed By A Decision That Ripple Offered And Sold XRP As An Investment Contract. ..........................................................................26 CONCLUSION .................................................................................................................... ..........