Ripple, one of the world’s largest crypto coins in terms of market value $2.39 It has been continuing the legal struggle for years. With Trump’s task Ripple Things are also on their way. Stuart Alderoty, the legal director of the company, shared his wide response to Hester’s request for comment.
Ripple and crypto currency arrangement
Ripple Today, the Commissioner presented his response to Hester Peirce. Hester, who was also the head of the crypto currency task force, has been known for years with a pro -crypto attitude and that’s why. The Ripple response document in response to the information request (RFI) of the SEC Crypto Task Force dated 21 February 2025, “must be a way to get out of here” (RFI).
At the entrance of the document, the process is criticized to date. It was mentioned that the necessary guidance was not achieved and that companies were worn out with long, divine legal processes under the management of the Gensler. According to Ripple, the Security can only regulate the assets of “securities ve and the processes performed with these beings. However, SEC distorted the concept of “investment contract” and stalled the crypto sector for years.
“SelectionThe authority of the authority is limited to what is given to him by the Congress, and the relevant legislation is not a flexible book in which the agency will add new pages and change the plot. ” (Quote: West Virginia v. EPA, 2022)
Ripple criticizes the stretching of the concept of “investment contract” by the SEC. This is essentially done to show where Ripple can start by pointing to the basis of the problem.
According to Ripple, the following elements are required for the investment contract:
“One party should invest in money, and the other party must commit a profit with this money.”
Ripple emphasizes this by giving an example of art works:
“Someone can take a painting in the hope of gaining value. However, the artist’s increasing his own fame does not turn this picture into an investment contract.”
This is the point of view of Ripple’s point of view, the negative discrimination against the crypto, the Part of the Test, has made the crypton punished with scenarios he found.
In this document, Ripple argues that protocols that provide stinging and similar returns should not be considered an investment agreement.
“The programs obtained from a programmatic, open and unauthorized network (stake) do not constitute the value of the securities.” – Ripple response certificate
Ripple generally supports the commissioner Peirce’s Safe Harbor 2.0 proposal. In summary, Ripple offers a solution with suggestions such as net rules that work with congress officials, the secure port frame for ICOs, the lack of securities of Stinging and the establishment of sandbox environments.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
