Ripple endorses SEC's proposed Regulation Crypto Assets framework and calls for end to regulatory case-by-case enforcement, citing burden of legal uncertainty.
Regulation & Gov ·
Ripple has expressed support for the SEC's proposed Regulation Crypto Assets framework, advocating for a structured regulatory approach to replace the current case-by-case enforcement model. The company argues that clearer rules would reduce legal uncertainty and protect investors while allowing the crypto market to develop more predictably.
In its position, Ripple opposed certain limitations on the proposed safe harbor Rule 400, contending that the rule should not be restricted solely to issuers who fulfilled earlier commitments. The company's stance reflects its view that purchasers should not rely on expectations of profit from projects that have been abandoned.
Ripple's endorsement underscores the financial toll of regulatory ambiguity in the sector. The company pointed to its own prolonged legal dispute with the SEC as evidence of the costs imposed by uncertain enforcement. A court ruling in 2023 resolved part of that dispute, and the potential market benefits of establishing clear regulatory guidelines remain a central concern for industry participants navigating current uncertainty.