Update
Ripple Backs SEC Crypto Rules
Ripple has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) supporting the proposed Regulation Crypto Assets. The company seeks clearer limits on the securities status of crypto tokens and aims for a consistent regulatory framework for the digital asset industry. Ripple Chief Legal Officer Stuart Alderoty confirmed the filing, noting that the company has spent over $150 million on its legal battle with the regulator.