Ripple Backs SEC Crypto Plan, Seeks Protections for Token Trading

Ripple supports the SEC’s proposed crypto framework while seeking protections for exchanges, brokers, and token holders. Its submission defends the agency’s legal authority, challenges token-classification approaches, and requests safeguards against trading restrictions and regulatory uncertainty. Clearer rules for crypto fundraising and trading were central to Ripple’s Oct. 20 submission to the U.S. Securities and Exchange Commission (SEC). The blockchain payments company argued existing law authorizes the framework despite the stalled CLARITY Act, building on its position separating crypto assets from securities transactions . Chief Legal Officer Stuart Alderoty and other Ripple attorneys backed adoption with trading safeguards.

Also reported by TheNewsCrypto, DeFi Planet.

Source: Bitcoin.com News