Ripple groans to U.S. regulators: “Why is crypto oversight so convoluted? Just focus on legal rights-not your wild speculation or decentralized nonsense! 😒”
Ripple Demands SEC Stop Using “Decentralization” as a Buzzword-It’s Not a Magic Shield 🧙♂️
Ripple, in a very dramatic letter to the SEC Task Force (Jan. 9), insists crypto regulation should be based on “actual legal obligations” instead of “speculation, trading behavior, or whatever that decentralized thing is.” Because, obviously, the SEC should care more about contracts than people trying to get rich quick. 🙄
Signed by Ripple’s legal team (because who doesn’t want a stamp of approval from three lawyers?), the letter claims securities laws should only apply while there’s an “enforceable promise.” Translation: Once you’ve fulfilled your obligation, stop micromanaging my crypto, thank you very much. 📜
“The SEC’s jurisdiction should follow the lifespan of the obligation; regulate the ‘promise’ while it exists, but liberate the ‘asset’ once that promise is fulfilled or otherwise ends.”
Ripple adds, with all the subtlety of a megaphone: “The dispositive factor is the holder’s legal rights, not their economic hopes. Without that bright line, the definition of a security becomes amorphous and unbounded.” Translation: If you’re not owed money, the SEC shouldn’t be your babysitter. 🚫💸
The letter then critiques the SEC’s “blurry” approach, comparing it to saying a toaster is a security because it heats up bread. Ripple argues: “Collapsing transactions and assets is lazy. Just because something trades doesn’t mean it’s a security-ask a stockbroker.” 🍞
“Any framework that classifies an asset as a security merely because the holder hopes for a ‘passive’ price increase ignores the reality that speculation is a feature of all markets…”
Ripple also points out that commodities and consumer goods trade all day without SEC involvement, so why crypto? “Fraud and manipulation? We’ll handle that ourselves, thanks. We don’t need the SEC babysitting our blockchain.” 🚨
FAQ ⏰
- Why did Ripple write to the SEC?
Because they’re tired of the SEC playing 20 questions with crypto. It’s either a security or it’s not-decide already! 😒 - What determines if a crypto asset is a security?
Your legal rights, not your hopes. Speculation isn’t a legal document. 📝 - How does Ripple view speculation?
It’s everywhere. Even in the stock market. Surprise! 🤯 - What’s the risk of current SEC approaches?
They’ll expand jurisdiction indefinitely. Because nothing says “regulatory restraint” like overreach. 🚀
Read More
- GBP CHF PREDICTION
- ETH PREDICTION. ETH cryptocurrency
- USD VND PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- EUR RUB PREDICTION
- CNY JPY PREDICTION
- XMR PREDICTION. XMR cryptocurrency
- USD MYR PREDICTION
- EUR CLP PREDICTION
2026-01-13 03:08