Ripple, Cardano, Chainlink, Hedera, Stellar, Aptos & Avalanche Support SEC ‘Regulation Crypto Assets’

HIGHLIGHTS Ripple CLO Stuart Alderoty confirms support for finalizing the SEC’s proposed Regulation Crypto Assets. Chainlink partnered with Hedera, Stellar, Aptos, and Avalanche in urging the SEC to codify its digital commodity framework. Blockchain Association urges SEC to raise the startup exemption limit from $5 million to $10 million. Ripple filed its comment letter on the SEC’s proposed Regulation Crypto Assets, supporting to finalize the proposed crypto rules. It rests on the Howey test, treating the investment contract, not the crypto asset itself as the security, and builds on a prior joint SEC-CFTC harmonization initiative.