Ripple Makes a Shock SEC Move After $150M XRP Fight as OCC Unveils GENIUS Act Rules

Ripple has endorsed the U.S. Securities and Exchange Commission’s proposed cryptocurrency rules after spending more than $150 million on its legal battle with the agency. In an October 20 comment letter , Ripple supported the proposed framework while requesting changes to how federal securities law treats digital assets, investment contracts, and secondary-market transactions. The development coincides with the Office of the Comptroller of the Currency (OCC) finalizing rules under the GENIUS Act , establishing federal standards for payment stablecoin issuers.