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The Paradox of Republicans in Favor of Regulation
The market structure bill actually provides much broader protection than the status quo as interpreted in the Ripple case. The challenge of the Ripple case is it exposes the limits of securities law, which protects institutional investors but fails to protect retail customers. And so the market structure bill will play a role in filling the gap in investor protection when it comes to everyday Americans who are buying and selling digital assets on exchanges.