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Fortune

Leo Schwartz

Despite the Ripple decision, crypto legislation still seems like a distant possibility

Gary Gensler Crypto Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Ritchie Torres SEC the House Financial Services Committee United States

Man in navy suit and tie speaking into a microphone (Credit: Al Drago—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

Hope springs eternal. Last week’s Ripple decision was the first positive signal in crypto since Elon Musk briefly turned the Twitter logo into a Doge (or maybe when a slew of TradFi firms filed for Bitcoin ETFs), driving up the price of altcoins and sending Crypto Twitter aflutter with the promise of a bull run.

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