Ripple pushes Congress for clear crypto laws amid SEC battle
Ripple's legal team has stepped up efforts to push for clearer cryptocurrency laws in the US. The company's executives are now meeting directly with lawmakers as debates over digital asset regulation heat up. Their goal is to secure explicit legislation rather than rely on shifting regulatory rules.
The dispute between Ripple and the SEC over whether XRP should be classified as a security has become a focal point in the wider argument about crypto oversight. This case highlights a long-standing issue: determining whether digital assets fall under the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The distinction is crucial, as it decides which agency has authority.
Ripple's leadership has spent years calling for legal clarity, arguing that formal laws would give firms the certainty needed to grow in the US. Recently, Stuart Alderoty, Ripple's chief legal officer, met with Senator Kirsten Gillibrand to discuss potential legislation. The talks centred on crypto market structure rules, a key topic currently under debate in Washington.
Alderoty later noted that Gillibrand's ongoing work on the issue has raised hopes within the industry. Her involvement suggests that lawmakers might yet reach a bipartisan agreement on how to regulate digital assets.
For Ripple and other crypto businesses, clear legislation from Congress could remove much of the current uncertainty. The outcome of these discussions may shape how digital assets are regulated in the US for years to come. Without it, firms face continued legal ambiguity and potential operational risks.
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