Earlier this week, the United States Securities and Exchange Commission (SEC) issued its first no-action letter to a cryptocurrency company. However, with Ripple’s XRP facing the same situation, could the commission issue a similar letter?
Earlier this week, SEC issued its first no-action letter to a company in the cryptocurrency and blockchain space. A no-action letter is a letter given by a government body to a company notifying them that no legal action will be taken against them. The letter was issued to TurnKey Jets, a blockchain startup that offers private jet services.