Update
Ripple Backs SEC's Crypto Regulation Proposal
Ripple, a blockchain firm, has endorsed the U.S. Securities and Exchange Commission's (SEC) proposed 'Regulation Crypto Assets'. Ripple Chief Legal Officer Stuart Alderoty encouraged the SEC to move forward with the regulation, highlighting concerns about the 'case-by-case' enforcement approach used for years. The proposed regulation includes two exemptions for cryptocurrency projects and a conditional safe harbor for digital assets that have ceased to be investment contracts.