Update
Ripple Backs SEC's Proposed Crypto Regulation
Ripple supports the SEC's proposed Regulation Crypto Assets, advocating for a clear regulatory framework to replace existing uncertainty while protecting investors. The company opposes limiting the proposed safe harbor Rule 400 to issuers who fulfilled promises, arguing that buyers should not expect profits from abandoned projects. Ripple highlights the financial burden of regulatory ambiguity, citing its own legal battle with the SEC and the potential economic benefits of clearer rules for the crypto market.