Ripple Files 20-Page Letter Supporting SEC Regulation Crypto Assets

TLDR Ripple filed a 20-page comment letter on October 20 supporting the SEC’s proposed Regulation Crypto Assets. The company says an investment contract can be a security without making the token itself a security. Ripple opposes using decentralization as a separate legal test and wants regulators to focus on issuer promises. It is asking for clearer rules on Form TR filings, secondary-market trading and treatment across federal securities laws. Ripple says its earlier legal fight with the SEC over XRP cost more than $150 million. Ripple has asked the U.S.