Ripple Backs SEC’s Crypto Rules Proposal as $150M Legal Battle Highlights Need for Clarity

Ripple backs the SEC’s proposed crypto rules, citing its $150 million legal battle as evidence of the need for regulatory clarity in the US. Ripple has stepped forward in support of the proposed crypto rules of the US Securities and Exchange Commission (SEC). The company believes that a comprehensive crypto regulatory framework is necessary for innovation in the US. Adding to this point, the payments giant noted that the $150 million XRP lawsuit is enough to show why crypto firms need clear rules.