Ripple responds to the US Senate RFI to the draft code of the encryption market star-news.press/wp

benamira August 6, 2025

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Ripple responds to the US Senate RFI to the draft code of the encryption market star-news.press/wp

Crypto Ripple is the latest that joins a group of stakeholders in Crypto who responded to the Senate Banking Committee’s request for information (RFI). The company’s chief legal officials (CLO), Stewart Aldouti, indicated that they were in a good position to contribute to the draft law, given their wealth of their experience with the organizers, including the Supreme Education Council.

Ripple responds to the Senate’s request for information

In X Publishing, Aldeoty shared the Crypto company’s response to the RFI of the Senate Banking Committee. The committee also thanked the opportunity to respond to RFI. CLO noted that his company welcomes the opportunity to present its unique perspective, given their ten -year experience in working with organizers worldwide and their hard -class lessons from their SEC suit.

Thank you Bankinggop To make an opportunity to answer your request to get information. With more than a decade of experience in working with organizers all over the world-and the lessons that have been obtained hard from our SEC Battle-you welcome Hipple with the opportunity to present our unique perspective as a Congress …

Stewart Aldouti (S_alderoty) Aug 5 2025

As Coingape said earlier, the Senate Banking Committee issued RFI after the issuance of the draft code of the encryption market. Requesting information asking questions related to organizational clarity and sewing, protecting investors, trading places, market infrastructure, custody, illegal financing, banking services, and innovation.

Ripple response It was the basis for the questions that focused on organizational clarity. First, the issue of whether the bill had achieved the right balance in allocating jurisdiction over the digital assets between SEC and CFTC.

The encryption company noted that the draft creates more mystery instead of clarity for the industry in its attempt to distinguish the SEC and CFTC authority on digital assets. In line with this, they requested additional reviews to improve the judicial boundaries and achieve a balanced control framework.

On whether or not the concept of assets should be applied

Ripple saw that the encryption market structure bill should not rely on the concept of auxiliary assets, as it could lead to organizational transgression in some situations. The company has noticed that there is no confirmation that a different SEC driving will apply this concept honestly in a consistent and initial way.

RFI’s response noted that the concept of auxiliary assets can be subject to major symbols that work on open networks and non -declaration, including ETH, Sol and XRP, for the SEC’s permanent supervision. This may happen even when transactions do not contain features to display securities.

Therefore, Ripple suggested that the draft law should be in line with the approach of the law of clarity in classifying digital assets to avoid regulatory fragmentation and uncertainty in the market. They also requested that the proposed legislation take into account the decentralized nature of mature networks that there is no person or a group of people.

When answering the issue of whether the symbols present in the framework of the classification of a new symbol should be subject, the company stated that the symbols that were present for five years or more on open networks should be excluded from the regulation of securities.

Avoid another organization through future enforcement approach

Perhaps because of the XRP lawsuit against the Supreme Education Council, Ripple is very concerned about creating the draft law to create open provisions that allow the committee to bend the rules in its favor. For example, regarding whether the Howe test should apply to digital assets, the company urged Congress to write it, if it intends to do so, in a way that prevents misuse or manipulation by SEC.

Alderoty and his company are likely to suspect, not necessarily this current administration. Ripple Clo praised the SEC chair, Paul Atkins, for organizational transformation under his term.

Meanwhile, regarding whether federal legislation should anticipate certain laws from the states, the encryption company saw that anticipation is very important in areas such as the market structure, the issuance of Stablecoin, the nursery standards and the classification of the distinctive symbol.