Ripple Labs Wants Smaller Role For SEC In Crypto Oversight

By Elise Hansen (November 16, 2021, 8:13 PM EST) -- Ripple Labs Inc. on Tuesday pushed for digital assets to primarily fall under the regulatory purview of the Commodity Futures Trading Commission — as the company is locked in heated litigation with the U.S. Securities and Exchange Commission over its signature digital asset, XRP.

Ripple released a framework outlining its preferred principles for cryptocurrency and digital asset regulation. The company backed a pair of bills that would put many digital assets outside the realm of securities, as well as called for innovation sandboxes and public-private dialogue.

"Cryptocurrency and blockchain technology need clear regulatory and licensing frameworks designed to address and remedy...

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