Wu Shuo learned that Ripple's Chief Legal Officer Stuart Alderoty posted that Ripple announced it has submitted a supplementary letter to the SEC Crypto Task Force, focusing on the issue of when digital assets can be separated from investment contracts. This move responds to related questions raised by SEC Commissioner Peirce in her "New Paradigm" speech. The SEC Crypto Task Force led by Peirce aims to establish a clear regulatory framework for digital assets, with an emphasis on asset classification and other issues. In the letter, Ripple cited the 2022 legal analysis and the 2023 SEC v. Ripple Labs ruling, emphasizing that XRP itself is not a security and arguing that most crypto assets should not be considered securities when traded on secondary markets.

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Wu Shuo learned that Ripple's Chief Legal Officer Stuart Alderoty posted that Ripple announced it has submitted a supplementary letter to the SEC's Crypto Task Force, focusing on the issue of when digital assets can be separated from investment contracts. This move responds to related questions raised by SEC Commissioner Peirce in her "New Paradigm" speech. The SEC Crypto Task Force, led by Peirce, aims to establish a clear regulatory framework for digital assets, with an emphasis on asset classification. In the letter, Ripple cited the 2022 legal analysis and the 2023 SEC v. Ripple Labs ruling, emphasizing that XRP itself is not a security and arguing that most crypto assets traded on secondary markets should not be considered securities.

Ripple submits supplementary letter to the SEC, discussing when digital assets can be separated from investment contracts.