Novogratz: Gensler and SEC Need to Make Rules Clear for Crypto

The transcript discusses the Ripple lawsuit against the SEC, where Ripple won in federal court. This is seen as a significant victory for the crypto industry. The discussion highlights the lack of clarity in SEC regulations, contradicting Gary Genzer's claims that the rules are clear. The industry calls for Congress to establish clear regulatory guidelines.

What was the main argument made by Ripple in the court case against the SEC?

What was the outcome of the federal court case involving Ripple and the SEC?

How did the federal judge's ruling impact the perception of the SEC's rules?

What message did the ruling send regarding the clarity of the rules set by the SEC?

What does the speaker suggest Congress needs to do in response to the court ruling?