Ripple strongly urges the SEC’s Crypto Task Force to stick to first principles and stay within its statutory authority.
Ripple’s Call for Regulatory Clarity
In a letter to the SEC dated March 21, Ripple underscored that Congress should dictate market structure laws. The company stated that the SEC’s role is to prevent fraud using existing legal provisions, rather than redefining its authority.
SEC’s Stance on Meme Coins
Ripple pointed to the SEC's clear position on meme coins. The regulator recently reaffirmed that meme coins are outside the scope of securities rules.
Ripple’s Legal Victory: SEC Drops Appeal
Ripple CEO Brad Garlinghouse announced on Wednesday that the SEC had decided not to appeal in the case against Ripple. Judge Analisa Torres' decision in 2023 that XRP was not a security when sold to individual investors gave the corporation a partial win.
Ripple continues to advocate for clarity in crypto regulation, viewing recent developments as pivotal steps in this direction.
