Ripple urges SEC to clarify token securities status under new rules

Ripple , a leading US-based blockchain technology company and issuer of the digital asset XRP, has called on the US Securities and Exchange Commission (SEC) to revise its approach for determining when cryptocurrency tokens are no longer subject to securities laws. In a recent comment letter, Ripple stated that current regulatory proposals risk introducing greater uncertainty for the crypto sector unless more precise guidelines accompany them. On October 20, Ripple responded to the SEC’s Regulation Crypto Assets proposal, expressing general support for the initiative but advocating targeted amendments to Rule 400.

Source: CoinTurk News