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XRP News Today: Ripple Defends XRP in New SEC Letter Amid Regulatory Heat Over Security Claims
- Ripple defended XRP in a new SEC letter, responding to Commissioner Hester Peirce's concerns on digital asset separation from investment contracts.
- Ripple highlighted XRP as an example of separation from investment contracts, arguing it should not be classified as a security in secondary market sales.
- The company proposed a two-pronged framework for identifying when a digital asset no longer qualifies as a security.
- Ripple emphasized the need for congressional action to provide clear guidance on crypto regulations, advocating for a time-bound safe harbor rule.
- Ripple leveraged its court victory regarding XRP's security classification to support its arguments in the SEC letter.
- The communication is part of Ripple's strategy to establish regulatory clarity for XRP ahead of the SEC's digital asset conference.
- The letter sparked discussions in the Ripple market, reinforcing Ripple's stance on challenging existing securities regulations.
- Ripple aims to lead the charge for crypto clarity in the U.S., utilizing legal precedents and renewed calls for a legislative solution.
- XRP price remains sensitive to legal developments, with analysts anticipating regulatory clarity to potentially support upward movement.
- While the SEC letter may not have immediate price impact, it aligns with Ripple's long-term goal of positioning XRP as a compliant, utility-driven digital asset.
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