Ripple backs SEC's proposed crypto asset regulation in comment letter
- —Ripple submitted a comment letter backing the SEC's Regulation Crypto Assets
- —Alderoty says the SEC has clear authority to adopt the rule
- —Ripple has spent more than $150 million on clarifying crypto rules
- —Company criticizes case-by-case enforcement instead of broad rules
Why it matters: Support from a major player raises the odds of broad US digital-asset rules replacing piecemeal enforcement.
Source: PANews