<ul><li>Ripple Labs submitted a 4-page memorandum to the SEC's Crypto Task Force in response to Commissioner Hester Peirce's speech on crypto assets and investment contracts.</li><li>Ripple proposes a two-pronged test to determine when a token has severed from an investment contract, highlighting the importance of outstanding promises to the original purchaser.</li><li>The company cites a July 2023 ruling that found XRP itself is not a security, emphasizing the distinction between XRP and investment contracts.</li><li>Ripple endorses the idea of a well-designed safe harbor as suggested by Commissioner Peirce to provide regulatory certainty for crypto assets circulating openly in functional networks.</li></ul>

Ripple Submits New Letter To SEC’s Crypto Task Force — Here’s Why

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