This move is a further crackdown on stopping Chinese locals from indulging in cryptocurrency trading activities.
The new patent talks of using encryption tags to further secure storing of crypto-related transactions.
SEC Commissioner made an official announcement on Twitter that the agency leadership with reconsider the rejection which was drafted by the staff members.
The ban of crypto communication channels arrive in the face of newly introduced regulations by the Cyberspace Administration of China.
The FSA wants to ensure investors protection while not stifling innovation in the crypto space.
The nine Bitcoin ETFs linked to Bitcoin futures were rejected on charges of failure to handle market risks and manipulations as well as low liquidity in the Bitcoin derivatives market.
Wozniak talked in detail about his fascination on blockchain technology and some projects of Equi Capital.
Using the blockchain technology, the startup aims to bring disruptive innovation in online interactive advertising and marketing.
The patent also talks of using smart contracts to enhance shipment services and handling.
The reason behind selecting these three exchanges is that they offer better liquidity for the XRP tokens.