Ripple backs SEC proposal for Regulation Crypto Assets in comment letter
Ripple has submitted a comment letter backing the SEC's proposed Regulation Crypto Assets, urging the regulator to finalize a framework that exempts certain digital asset offerings from full securities registration.
Ripple has filed a comment letter endorsing the U.S. Securities and Exchange Commission's proposed Regulation Crypto Assets, which seeks to exempt certain digital asset offerings from full securities registration. In the letter, Ripple stated that it fully supports the SEC's efforts to establish a regulatory framework and urged the agency to adopt the proposal in a final rule, a position confirmed by Ripple Chief Legal Officer Stuart Alderoty.[4][2]
In its submission, Ripple argued that the investment contract represents the security rather than the underlying token itself, contending that regulatory oversight should end once an issuer's promises are fulfilled. Ripple also asserted that the SEC possesses "clear authority" to adopt the proposed rules.[1][3]
Although the official public comment window for the SEC's proposal closed on Oct. 20, the commission will continue accepting public feedback past the deadline, according to journalist Eleanor Terrett.[4]
Key facts
- Ripple submitted a comment letter urging the SEC to adopt its proposed Regulation Crypto Assets as a final rule.
- The SEC proposal aims to exempt certain digital asset offerings from full SEC securities registration.
- Ripple argued that the investment contract, not the token, constitutes the security, and that oversight should terminate after an issuer fulfills its promises.
- Ripple asserted that the SEC holds "clear authority" to enact the crypto asset regulation.
- The formal comment period closed on Oct. 20, but the SEC will continue accepting public feedback, according to journalist Eleanor Terrett.
Sources 路 4 sources
- CO
Cointelegraph@CointelegraphPost on X 路
馃嚭馃嚫 LATEST: Ripple backs the SEC鈥檚 Reg Crypto proposal in a comment letter, saying the investment contract, not the token, is the security and that oversight should end once an issuer鈥檚 promises are fulfilled. https://t.co/2WN6jNL95x
Open source - CO
CoinGape@CoinGapeMediaPost on X 路
馃毃 BREAKING: @Ripple CLO Stuart Alderoty confirms support for finalizing the SEC鈥檚 proposed Regulation Crypto Assets. 馃敆Know More in the comments. https://t.co/fVv4sp4l3a
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X 路
RIPPLE $XRP FILES A COMMENT LETTER BACKING THE SEC'S PROPOSED REGULATION CRYPTO ASSETS AND SAYS THE SEC HAS "CLEAR AUTHORITY" TO ADOPT IT https://t.co/uZ6ZGM24sY
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Ripple filed its comment letter on the SEC's proposed Regulation Crypto Assets, which seeks to exempt certain digital asset offerings from full SEC securities registration. "Ripple fully supports the Commission's efforts to provide a regulatory framework for crypto assets, and urges the Commission to adopt the Proposal in a final rule," the letter said. Although the official comment period for the SEC's proposal closes on Oct. 20, the commission will continue accepting public feedback after the deadline, according to journalist Eleanor Terrett.
Open source