Did Ripple Just Troll the SEC with a New Crypto Letter? Find Out! 🚀

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Did Ripple Just Troll the SEC with a New Crypto Letter? Find Out! 🚀

Oh, the drama! Ripple’s Legal Bigwig, Stuart Alderoty—think of him as the courtroom’s favorite troublemaker—tweeted today that the crypto world is about to get even more tangled. Yep, Ripple sent another letter to the U.S. SEC’s Crypto Task Force. Because, why not? It’s not like they’re busy or anything.

He shaded SEC Commissioner Hester Peirce’s recent speech called “New Paradigm”—sounds fancy, right?—where she pondered the eternal question: When does a crypto coin stop being a sneaky investment and just become a shiny digital thing? Sounds deep, huh? Well, Ripple’s basically saying, “We got this,” and thanking the SEC for a lovely chat on May 20, 2025. What a historic date—it’s literally the future now.

Today, @Ripple submitted an additional letter to the SEC’s Crypto Task Force addressing a key question from Commissioner Peirce’s “New Paradigm” speech: When does a digital asset separate from an investment contract?

We appreciate the continued engagement with the Task Force.…

— Stuart Alderoty (@s_alderoty) May 27, 2025

Ripple dived into the courts’ latest findings—Judge Torres, that one is a real character—who said, “Hey, some XRP sales to big players look like investments, but in the grand scheme, the token itself? Not a security, folks.” Basically, Ripple’s saying, “Relax, SEC guys, not every crypto is out to steal your lunch.”

Now, they also threw a few shots at the SEC’s vague rules about decentralization and “fully functional” tokens—feel free to interpret that however you like. Ripple’s big idea? Tell Congress to stop playing charades and write some clear laws already. Because right now, everyone’s just guessing if a token is legal or not, like some chaotic game of crypto roulette.

Here’s their suggested DIY legal checklist:

  1. Has the issuer kept their promises? (Spoiler: probably not, or they’d be in court less.)
  2. Can the current holder demand anything from the issuer? (If yes, run.)

Plus, Ripple’s proposing a “safe harbor”—imagine a bubble bath for honest crypto projects—so they don’t get sued out of existence while they, you know, try to build stuff.

Oh, and instead of copying decentralization’s buzzword bingo, Ripple suggests judging a network’s maturity—how long it’s been around, how big it is, and if no one’s bossing everyone around. If it’s been online for years, has a market cap that makes Japan jealous, and no one individual calls the shots—voila! No more securities laws. Easy, right? Sure, as long as Congress gets around to actually doing something.

So, in conclusion: Ripple’s not backing down. The SEC’s still confused. The crypto world? Still chaotic. But at least someone’s trying to draw the line in the sand—while still hoping nobody spills their digital coffee.

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2025-05-28 05:08