Legal experts have argued that the SEC’s reliance on enforcement as the regulatory tool makes it unlikely that a final judgement in the SEC v. Ripple lawsuits will have an effect on the sector. A recent article with the title “Regulation by Enforcement in the Digital Asset Industry: The Goodwin law firm’s Karen Ubell, Mitzi Chang, and Adam Bruce wrote “A Lagging Response to Stale Facts” to shed light on the ineffectiveness of digital asset industry regulation and enforcement. The specialists especially contended that the attention on authorization activities by the Protections and Trade Commission (SEC) had done practically nothing
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