727 FinancePANews October 21 news: Ripple Chief Legal Officer Stuart Alderoty posted on the X platform that Ripple has submitted a comment letter on the U.S. SEC's proposed crypto asset regulatory rules (Regulation Crypto Assets), expressing support for the proposal and believing that the SEC has clear authority to adopt the rule. Alderoty said that for years the "case-by-case, coin-by-coin" enforcement approach has pushed innovation overseas, and the industry needs holistic rules for digital assets; the proposal is faithful to the Howey test, and it is the investment contract, not the token itself, that constitutes a security. He also said that Ripple has spent more than $150 million to clarify the relevant rules.
Ripple submits comment letter on SEC's proposed crypto asset rules, expresses support
Related news
Spot Bitcoin ETFs saw a net outflow of $203 million last week, with Fidelity's FBTC leading with a net outflow of $166 million.
PANews November 2 news, according to SoSoValue data, during last week's trading days (Eastern Time October 26 to October 30), spot Bitcoin ETFs saw a net outflo...