When the SEC sued in 2020, XRP fell about 70% within days. A 2023 court ruling then added roughly $21 billion, and exchanges relisted it.

Ripple filed a comment letter with the SEC, voicing support for the agency’s proposed Regulation Crypto Assets and urging it to finalize the rule.

As per the company, the proposal allows replacing years of regulatory uncertainty that worked on a case-by-case basis with an established framework of laws, all the while maintaining protection for investors under existing regulations.

What Ripple Wants the SEC to Keep and Change

The proposal’s core idea is that the investment contract, not the token, is the security. Stuart Alderoty,…