No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 7, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Ripple Submits New Letter To SEC’s Task Force — Here’s Why

by TheAdviserMagazine
4 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Ripple Submits New Letter To SEC’s Task Force — Here’s Why
Share on FacebookShare on TwitterShare on LInkedIn


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple Labs has fired a fresh legal volley in Washington, dispatching a 4-page memorandum to the US Securities and Exchange Commission’s Crypto Task Force on 27 May. Chief legal officer Stuart Alderoty announced the filing on X, stressing that it responds directly to Commissioner Hester Peirce’s “New Paradigm” speech of 19 May, which asked the pivotal question: “When does a non-security crypto asset that was once part of an investment contract become separated from that contract?”

Ripple Pushes SEC For Clarity On XRP

In the opening lines of the letter Ripple thanks staff for a 20 May meeting and frames its submission as a doctrinal answer to Peirce’s query. It leans on the 2022 academic treatise The Ineluctable Modality of Securities Law by Lewis Cohen et al., quoting it in full: “[T]here is no current basis in the law relating to ‘investment contracts’ to classify most fungible crypto assets as ‘securities’ when transferred in secondary transactions…” Ripple argues that the paper remains “the most accurate reflection of existing law.”

The company advances a two-pronged litmus test for determining when a token has definitively “severed” from an accompanying investment contract. Under Ripple’s proposal, any later sale of the asset is presumed not to be a securities transaction unless (i) a material promise made to the original purchaser remains outstanding and (ii) the subsequent holder retains enforceable rights arising from that promise. Examples of qualifying promises, the letter states, would include commitments to build a functional blockchain or to provide dividends—whereas “general public statements or puffery should not qualify.”

Ripple positions its framework as consistent with Judge Analisa Torres’s landmark July 2023 ruling, which found that XRP itself is not a security, even though certain institutional sales had been investment contracts. By invoking that ruling Ripple reminds the Commission that secondary-market trading of XRP—blind order-book sales in particular—has already been judicially blessed as non-securities activity.

While recognizing the SEC’s worry that bad actors might exploit legal lacunae, Ripple tells the agency that closing any genuine gap is “Congress’s—not the SEC’s—to fill.” In the interim, Ripple endorses a “well-designed safe harbor” but warns that concepts such as “fully functional” or “sufficiently decentralized” are too malleable to anchor regulatory certainty.

Commissioner Peirce’s own remarks supply the backdrop. In “New Paradigm” she conceded that “most currently existing crypto assets in the market are not [securities]” and highlighted the difficulty of “determining when a non-security crypto asset subject to an investment contract separates from the investment contract.”Peirce floated, among other options, a time-limited safe harbor. Ripple seizes on that momentum, contending that its bright-line test is superior to “decentralisation” metrics and would let functional networks circulate tokens “openly, transparently, and permissionlessly” without imposing disclosures that suggest control where none exists.

The submission arrives as the long-running SEC v. Ripple litigation edges toward final resolution. Earlier this month the Commission lodged a proposed settlement that would cap Ripple’s institutional-sale liability and lift the remaining injunction on XRP distributions, but the court has not yet approved the pact.

Market reaction has been muted. XRP continues to trade near the $2.30 zone.

XRP price
XRP price trend continues to compress, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: forceHeresLetterRippleSECssubmitsTask
ShareTweetShare
Previous Post

Apparel Insider: Data and Trends for Resellers (2025)

Next Post

FPA president talks exit planning, priorities and AI

Related Posts

edit post
Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

by TheAdviserMagazine
October 6, 2025
0

Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime”...

edit post
Bitcoin reaches new all-time high of 6K

Bitcoin reaches new all-time high of $126K

by TheAdviserMagazine
October 6, 2025
0

Key Takeaways Bitcoin has reached a new all-time high above $126,000, driven by sustained institutional accumulation. Institutional investors and corporate...

edit post
Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

by TheAdviserMagazine
October 6, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin und andere Kryptowährungen erleben eine Rekordwoche...

edit post
Ethereum’s Price as Grayscale Launches Staking ETPs – ,331?

Ethereum’s Price as Grayscale Launches Staking ETPs – $7,331?

by TheAdviserMagazine
October 6, 2025
0

The Ethereum price continues to attract significant attention after reclaiming a crucial resistance level, reinforcing optimism in the broader crypto...

edit post
Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

by TheAdviserMagazine
October 6, 2025
0

Ethereum’s ongoing underperformance against Bitcoin has reignited debate over what’s holding the asset up, and who’s really behind its demand.According...

edit post
CZ Post Sends 4 Token Soaring As Trader Turns K Into M

CZ Post Sends 4 Token Soaring As Trader Turns $3K Into $2M

by TheAdviserMagazine
October 6, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage A comment by Binance co-founder Changpeng Zhao,...

Next Post
edit post
FPA president talks exit planning, priorities and AI

FPA president talks exit planning, priorities and AI

edit post
Musk says Trump’s tax bill undermines DOGE

Musk says Trump's tax bill undermines DOGE

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
‘Couldn’t pronounce Nvidia’ until 8 months ago

‘Couldn’t pronounce Nvidia’ until 8 months ago

0
edit post
Rising Fees Force Premium Credit-Card Holders to Choose Sides

Rising Fees Force Premium Credit-Card Holders to Choose Sides

0
edit post
How to Request a Tax Transcript From the IRS

How to Request a Tax Transcript From the IRS

0
edit post
Quantum Computing Risks: How Investment Firms Can Protect Data Now

Quantum Computing Risks: How Investment Firms Can Protect Data Now

0
edit post
How Is TSA Affected by the Government Shutdown?

How Is TSA Affected by the Government Shutdown?

0
edit post
Ökosix will show its biodegradable plastic at TechCrunch Disrupt 2025

Ökosix will show its biodegradable plastic at TechCrunch Disrupt 2025

0
edit post
Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal

October 7, 2025
edit post
7 Big Questions Everyone’s Asking

7 Big Questions Everyone’s Asking

October 7, 2025
edit post
Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time

October 6, 2025
edit post
Aehr Test Systems signals broad-based AI market growth opportunities with .5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

Aehr Test Systems signals broad-based AI market growth opportunities with $15.5M backlog and 5x manufacturing capacity increase (NASDAQ:AEHR)

October 6, 2025
edit post
How Is TSA Affected by the Government Shutdown?

How Is TSA Affected by the Government Shutdown?

October 6, 2025
edit post
Central banks keep buying yellow metal despite soaring price

Central banks keep buying yellow metal despite soaring price

October 6, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Indian IT sector: Tech sector rally: Tactical moves or fundamental shift? Insights from Sandip Agarwal
  • 7 Big Questions Everyone’s Asking
  • Senator Lummis Says Strategic Bitcoin Reserve Buys Could Happen Any Time
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.