Senator Lummis urges clear crypto regulations after XRP ruling

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Senator Lummis urges clear crypto regulations after XRP ruling

United States Senator Cynthia Lummis has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that Ripple’s (XRP) token should not be considered a security when sold on digital asset exchanges. Lummis highlighted that the ruling underscores the urgent need for Congress to establish a comprehensive and unambiguous regulatory framework for cryptocurrencies.

In her statement, Lummis stressed the importance of the court ruling and its impact on cryptocurrency regulation. She stated that the verdict reinforces the immediate requirement for Congress to provide a thorough crypto framework that prioritizes the safeguarding of consumers.

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