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Ripple Submits New Letter to SEC: Details

Ripple has submitted an additional letter to the U.S. SEC, addressing a pivotal question about when a token should lose its security label.  

Stuart Alderoty, Ripple’s Chief Legal Officer, highlighted the company’s letter in a post on X. According to him, Ripple sent the letter to the SEC’s Crypto Task Force, which Commissioner Hester Peirce leads.

 @Ripple submitted an additional letter to the SEC’s Crypto Task Force addressing a key question from Commissioner Peirce’s “New Paradigm” speech: When does a digital asset separate from an investment contract?

We appreciate the continued engagement with the Task Force......isn't it? 😇🫡