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Ripple Challenges SEC with New Crypto Classification Framework

  • Ripple proposes a token maturity test for clear SEC regulations.
  • Issuer commitments should make tokens not securities, according to Ripple.
  • Network maturity, not decentralization, should guide crypto regulation.
  • Ripple suggests a framework to determine when digital assets are not securities.
  • The proposal aligns with Commissioner Hester Peirce's 'New Paradigm' speech.
  • The framework aims to clarify rules for cryptocurrencies like XRP.
  • Ripple's Token Maturity Framework focuses on fulfilled promises and lack of suing rights for token holders.
  • Ripple challenges vague SEC terms and emphasizes measurable factors like network status and governance.
  • The proposal aims to prevent regulatory confusion and foster innovation in the crypto sector.
  • Ripple advocates for a clear set of standards for digital assets established by Congress.

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