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Ripple is intensifying its pushback against the SEC, urging the regulator to stop applying outdated securities rules to crypto assets like XRP. The company advocates for Congress-led regulation and proposes a new ‘maturity’ test to assess token status.
- Ripple argues that most fungible crypto assets, including XRP, should not be classified as securities in secondary markets under outdated SEC rules.
- The company proposes a 'maturity' test to assess token status, evaluating market size, network lifespan, and decentralization.
- Ripple’s legal efforts could pave the way for an XRP-based ETF, though regulatory clarity remains a key hurdle.
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