Crypto
Ripple backs SEC crypto proposal, calls for clear rules instead of after-the-fact enforcement
Ripple has formally backed the U.S. Securities and Exchange Commission’s proposed crypto asset rules, calling for clearer, more predictable standards for the industry. It urged the SEC to abandon what it described as a controversial enforcement-focused approach and to provide guidelines that market participants can use in advance. Ripple said it supports the proposed framework but wants regulatory practice to be clearer and more consistent. Attention is on whether the SEC will flesh out the framework or maintain its enforcement-led stance.