<ul><li>Ripple's Legal Chief wrote a letter demanding clarity from the SEC regarding when a crypto asset becomes separate from its initial investment contract.</li><li>Ripple argues that XRP is not inherently a security, citing legal scholarship and a previous ruling by Judge Torres in 2023.</li><li>The letter criticizes the SEC's broad enforcement model and proposes a two-part framework to determine if a token is still linked to an investment contract.</li><li>Ripple calls for Congress to define new rules where needed, emphasizing the importance of creating a safe harbor for crypto innovators while respecting current securities law.</li></ul>

Ripple’s Legal Chief Demands SEC Clarity in New Letter

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