Ripple Backs SEC Crypto Regulation Proposal, Calls for Clearer Token Rules

Ripple has formally endorsed the U.S. Securities and Exchange Commission's proposed Regulation Crypto Assets, urging regulators to adopt a new framework that would allow qualifying cryptocurrency issuers to raise up to $75 million annually without completing traditional securities registration. In its October 20 submission, the company backed the SEC's authority to establish industry-wide rules while proposing refinements to how digital assets are classified, how investment contracts terminate and how secondary-market transactions are regulated. The 20-page letter marks a shift in Ripple's relationship with the regulator following years of litigation over XRP sales.