SEC Crypto Rule Draws Ripple Support and Public Citizen Opposition
Photo: TokenPost
Ripple backed the SEC’s proposed Regulation Crypto Assets framework in a comment filed Oct. 20. The filings present opposing views as the SEC considers how the framework should treat crypto-related investment contracts and offerings. Ripple argued that an investment contract involving a crypto asset can be a security without making the asset itself a security. Its position applies the Howey test to the investment contract rather than treating the asset alone as the security. The proposal includes exemptions for offerings of up to $5 million over four years and $75 million in each 12-month period.
Source: TokenPost
