SEC Regulation Crypto Assets: Industry Rallies Behind Framework
Both Ripple and the Blockchain Association filed comment letters supporting the SEC's proposed Regulation Crypto Assets, backing the move to exempt certain digital assets from full securities registration — though both flagged areas needing improvement.
What we know
@TheBlockCo reported the Blockchain Association's letter praising the SEC's direction while calling for refinements. @TheBlockCo separately reported Ripple 'fully supports' the Commission's effort to provide a regulatory framework. This marks a notable shift in industry posture — from adversarial to broadly collaborative — on SEC crypto rulemaking, likely accelerated by the more crypto-friendly regulatory climate under the current administration.
Sources
“Blockchain Association expressed support for SEC's proposed Regulation Crypto Assets… praising the overall direction of exempting certain crypto investments”
View post →“Ripple fully supports the Commission's efforts to provide a regulatory framework for crypto”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.