Ripple to SEC: Enough With Confusion—Time for Clear Crypto Rules, Not Backdoor Regulation
- Urges SEC for clear digital asset regulations, criticizing past approach
- Argues SEC lacks authority over most digital assets, Congress should lead
- Suggests safe harbors and regulatory sandboxes for crypto innovation
Ripple has submitted a formal response to the U.S. SEC Crypto Task Force, urging the agency to clarify its approach to digital asset regulation. In a letter addressed to Commissioner Hester Peirce, Ripple criticized the SEC’s past leadership for creating confusion and called for a return to straightforward, lawful guidance.
Stuart Alderoty, Ripple’s Chief Legal Officer, shared the document on X, emphasizing the need for regulatory relief. He referenced the Bob Dylan lyric, “There’s too much confusion, I can’t get no relief,” arguing that the previous SEC administration used this uncertainty to justify enforcement actions against crypto companies.
Ripple’s Core Arguments Against the SEC’s Approach
Ripple asserts that the SEC oversteps its authority over most digital assets, arguing they don’t meet the legal definition of securities. The company maintains that it is Congress, not the SEC, that should establish rules for the crypto …
The post Ripple to SEC: Enough With Confusion—Time for Clear Crypto Rules, Not Backdoor Regulation appeared first on Coin Edition.
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Ripple to SEC: Enough With Confusion—Time for Clear Crypto Rules, Not Backdoor Regulation
- Urges SEC for clear digital asset regulations, criticizing past approach
- Argues SEC lacks authority over most digital assets, Congress should lead
- Suggests safe harbors and regulatory sandboxes for crypto innovation
Ripple has submitted a formal response to the U.S. SEC Crypto Task Force, urging the agency to clarify its approach to digital asset regulation. In a letter addressed to Commissioner Hester Peirce, Ripple criticized the SEC’s past leadership for creating confusion and called for a return to straightforward, lawful guidance.
Stuart Alderoty, Ripple’s Chief Legal Officer, shared the document on X, emphasizing the need for regulatory relief. He referenced the Bob Dylan lyric, “There’s too much confusion, I can’t get no relief,” arguing that the previous SEC administration used this uncertainty to justify enforcement actions against crypto companies.
Ripple’s Core Arguments Against the SEC’s Approach
Ripple asserts that the SEC oversteps its authority over most digital assets, arguing they don’t meet the legal definition of securities. The company maintains that it is Congress, not the SEC, that should establish rules for the crypto …
The post Ripple to SEC: Enough With Confusion—Time for Clear Crypto Rules, Not Backdoor Regulation appeared first on Coin Edition.
Read More