Altcoins News

Story: Ripple Proposes 3-Step Plan for Clear Crypto Regulations

By Dan Saada

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Ripple has intensified its call for clearer and more consistent cryptocurrency regulations, criticizing the SEC’s previous approach and outlining a three-step plan to fix the…

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Ripple has been vocal about its dissatisfaction with the SEC’s leadership under former Chairman Gary Gensler.

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In response to these ongoing issues, Ripple has presented a clear, three-step plan that it believes will bring the clarity that the crypto market desperately needs:

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Focus on True Securities Ripple insists that the SEC should only regulate assets that legally qualify as securities under existing federal law.

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Enforce Existing Laws Instead of Creating New Ones Ripple urges the SEC to stop trying to create new, complex rules for crypto regulation.

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Provide Clear Guidelines Ripple is calling for more transparent guidance from the SEC on how various cryptocurrencies should be classified.

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The long-running legal battle between Ripple and the SEC is approaching its conclusion, with the SEC having recently dropped its appeal.

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With the lawsuit nearing its end, the hope is that the crypto industry will finally receive the regulatory clarity it needs.

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