<ul><li>Ripple's CLO, Stuart Alderoty, urges SEC for clear guidance on crypto token classification on secondary markets to avoid stifling innovation and placing U.S. blockchain companies at a disadvantage globally.</li><li>Alderoty introduces the 'Network Maturity' test to differentiate between securities and decentralized crypto tokens based on factors like decentralization, utility, market participation, and issuer obligations.</li><li>Ripple advocates for SEC collaboration in forming nuanced regulations by learning from other jurisdictions like the UK, EU, and Japan to encourage innovation in the U.S. and avoid driving it offshore.</li><li>The proposal suggests that engaging with crypto stakeholders and legal experts can lead to constructive dialogue for shaping the future of U.S. crypto regulation, amidst the industry awaiting a response from the SEC.</li></ul>

Ripple Urges SEC to Clarify Crypto Token Rules with ‘Network Maturity’ Proposal

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