Ripple urged the US Securities and Exchange Commission to finalize proposed digital asset rules on October 20, following a legal battle in which the firm spent more than $150 million seeking regulatory clarity.

Chief Legal Officer Stuart Alderoty confirmed the submission backs the agency’s proposed Regulation Crypto Assets framework, arguing that years of case-by-case enforcement have pushed domestic innovation overseas.

The SEC introduced the framework in August, outlining clear boundaries to help crypto companies understand their obligations without facing protracted court challenges.

Safe Harbours and Capital Thresholds

The SEC proposal introduces exemptions designed to let qualifying digital asset issuers raise capital without…