Ripple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case Enforcement

Ripple filed a comment letter with the SEC, voicing support for the agency’s proposed Regulation Crypto Assets and urging it to finalize the rule. As per the company, the proposal allows replacing years of regulatory uncertainty that worked on a case-by-case basis with an established framework of laws, all the while maintaining protection for investors under existing regulations. The proposal’s core idea is that the investment contract, not the token, is the security.