Ripple Advocates For Crypto Regulation Through Existing Frameworks

Ripple advocated for regulators' use of existing frameworks for the regulation of cryptocurrencies. In a policy proposal, Ripple's Head of Public Policy Susan Friedman underscored the firm's view that "clear communication and collaboration" between regulators and the private sector are essential for the creation of an effective crypto regulatory framework.

Ms. Friedman stated that Ripple supports the following existing policy proposals:

• H.R. 1602 - the Eliminate Barriers to Innovation Act of 2021, as it would require the creation of a "collaborative working group" of appointees from the SEC, CFTC, FinTech and financial firms and small businesses.
• H.R. 4451 - the Securities Clarity Act, as it would address the regulatory ambiguities associated with the SEC's interpretation of SEC vs. W. J. Howey Co. by, among other things, establishing a new asset type, the "investment contract asset," to clarify that digital tokens are distinct from securities offerings.