Ripple Asks SEC to Clarify When Crypto Tokens Exit Securities Status
- —Ripple backs the SEC's Regulation Crypto Assets plan but wants Rule 400 amended
- —It argues contracts can end when issuer promises expire or are abandoned
- —A no-presumption clause should stop Form TR absence being treated as evidence
- —Exchanges and brokers should be shielded when relying on filed Form TR
Why it matters: The outcome will shape how quickly tokens such as XRP shed securities status and how much listing risk exchanges carry.
Source: Coinpaper