Ripple Advocates for Regulatory Clarity in Senate Crypto Bill Amid Concerns Over SEC and CFTC Jurisdiction

Key Points

1. Ripple emphasized the need for clear jurisdiction between the SEC and CFTC in the Senate’s Crypto Market Structure Bill to prevent regulatory overlap.

2. Ripple questioned the ancillary asset framework, arguing it could subject established tokens like XRP, ETH, and SOL to prolonged SEC oversight.

3. The company recommended adopting the CLARITY Act’s classification framework for digital assets to mitigate regulatory uncertainty.

4. Ripple highlighted the importance of preventing enforcement-led regulatory approaches, drawing from its legal experience with the SEC.

5. The firm called for Congress to address key areas such as market structure and national regulatory clarity in the bill.