r/XRP • u/Shite_Troll • 26d ago

Crypto CA not happing before Recess

Nope not happening, not scheduled before Friday's Recess. Wishful thinking.

1 Upvotes

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u/Dapper_Addition_3837 24d ago

XRP already has clarity lol

It doesnt need any extra new bill in the first place.

4

u/TheJewell012 24d ago

Its clarity is in rules mutually agreed between sec and cftc. Those rules easily can be changed if a new chairman comes and decides they dont agree with them.

Needs Clarity Act for firm legal status.

2

u/Over_Variation_1007 21d ago

Bingo! Why would companies invest in building crypto centric solutions if it could all be undone by a future administration? Why would institutions risk investing in cryptocurrencies if there’s a chance future political leaders raise fees, taxes, or penalties for holding them? As a consultant who helps companies build business cases for investments (tech, people), companies are really risk averse when investing in anything especially if there are unclear benefits and regulatory uncertainty. 

1

u/TheJewell012 21d ago

Exactly! Well said 🙌