Ripple spent $150M fighting the SEC lawsuit – Now it wants clear crypto rules

Ripple is pushing for a clearer path for crypto assets, arguing that regulatory uncertainty has already cost the industry millions. Ripple [XRP] submitted its SEC comment letter on October 20, 2026, supporting clearer rules for crypto assets. According to Ripple, the SEC should now complete its draft of proposed regulations for crypto assets. Still, even though current federal securities law already provides a basis for regulating crypto assets, it does not specifically state what qualifies an asset as a security. Under the proposal, investment contracts, rather than crypto assets themselves, would qualify as securities. This distinction could result in less uncertainty for assets issued after the time frame established by the contract expires.

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