Ripple Backs SEC Crypto Rule After $150M XRP Legal Fight as OCC Finalizes GENIUS Act
- —Ripple wants the Howey test applied to the investment arrangement, not the token itself
- —Alderoty put the company's legal costs at over $150 million
- —The SEC proposal offers registration exemptions up to $5 million over four years
- —OCC's GENIUS Act stablecoin framework takes effect Jan. 18, 2027
Why it matters: The final SEC rule will shape whether XRP and other tokens count as securities in secondary trading.
Source: Brave New Coin