Ripple Pushes Back on Senate Crypto Bill, Citing SEC Overreach Concerns
Ripple Labs has called on the U.S. Senate to revise its draft of the Responsible Financial Innovation Act of 2025, warning that the current language could lead to excessive SEC control and regulatory confusion.
The blockchain firm submitted formal feedback on August 5, voicing concerns that the bill—meant to modernize digital asset oversight—may unintentionally stifle innovation.
A major point of contention is the draft’s treatment of “ancillary assets,” a vague term that Ripple says could give the Securities and Exchange Commission (SEC) ongoing authority over established tokens like ETH, SOL, and XRP, even when such assets are no longer tied to securities offerings.
“This approach could subject…
