Ripple submitted a supplementary letter to the SEC, exploring the issue of separating digital assets from investment contracts

2025-05-28 15:30:33

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ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty announced that Ripple has submitted a supplemental letter to the U.S. Securities and Exchange Commission (SEC) cryptocurrency task force, focusing on the issue of when digital assets can be separated from investment contracts. This move responds to relevant questions raised by SEC Commissioner Peirce in her "New Paradigm" speech.

In the letter, Ripple cites legal analysis from 2022 and the 2023 ruling in the SEC v. Ripple Labs case, emphasizing that XRP itself is not a security and arguing that most cryptocurrencies should not be considered securities in secondary market trading. Ripple also suggests that the SEC introduce a "safe harbor" mechanism to provide clearer compliance guidance for market participants and proposes criteria based on network maturity to help clarify which digital assets have moved away from investment contracts.

Ripple expresses hope that through ongoing dialogue with the SEC, it can promote transparency and clarity in cryptocurrency market rules, providing a clearer direction for industry development.

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