Ripple backs SEC’s crypto asset regulation plan, urges clear framework for US market

Ripple has expressed its support for the US Securities and Exchange Commission’s proposed ‘Regulation Crypto Assets’, advocating for sweeping changes to how digital assets are overseen in the United States. The blockchain company reaffirmed its stance by submitting a detailed comment letter to the SEC, encouraging the agency to proceed with the long-anticipated regulatory reforms. Ripple highlighted that prolonged regulatory uncertainty and the SEC’s history of policymaking through enforcement actions have prompted a significant shift of crypto innovation to jurisdictions outside the US.

Source: CoinTurk News