Ripple says that SEC is to “return to the first principles” and stops suffocating crypto after winning XRP court – DL News

Ripple slammed American securities and handling for a change of CRIPTO regulation, just a few days after publication SEC will fall His longtime lawsuit against developer XRP.

In letter Addressed to Commissioner Hester Peirce and the sec’s force, Ripple Said The Agency has “historically created nothing but confusion – Issuing guidance that is long, rambling, difficular to decipher, and based on novel Standards found nowhere in the new Law. “

Ripple’s letter calls at the Sec to leave his past hustle hard tactics and offer clear, principle instructions instead.

He also praised the recent statements of agencies that clarify that Memecoins and certain mining activities include outside the law on securities – and called for the working group to use them as forward models.

The letter claims that the sale of tokens without contractual obligations, the prizes generated by protocols without permitted, and decentralized network activity should not fall under the Jurisdiction of SEC.

Ripple also confirmed his support for a proposal for the Secure Porerian port, especially for the initial offers of coins. This proposal, which introduced Peirce, would give the CRIPTO projects of projects of grace development and decentralization before the case of securities law.

Submission 21. Marta coincided from the working group The first public round table And she closed a great week for Ripple.

Ripple Win

On Wednesday, the General Manager of Brad Garlinghouse discovered that DC decided to leave the appeal, calling him the moment when we were waiting. “

“This is it – echoed by the victory for the ribula, for crypt, every way you look at it”, Garlinghouse He said in the video Posted on X.

Ripple’s Legal Chief Stuart Alderi said the decision “set a precedent for the domestic crypto industry”.

The end of Ripple’s legal battle comes in the middle of a wider movement of politics under the President Trum, who promised to make us “crypto capital planet.”

From his inauguration, the SEC has fallen Or paused similar lawsuits against coinbase, Kraken and Robinhood.

Kyle Baird is DL news “editor of the weekend. You have the top? E-mail on kbaird@dlnews.com.