{"id":40929,"date":"2025-08-07T09:47:00","date_gmt":"2025-08-07T09:47:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=40929"},"modified":"2025-08-07T09:47:00","modified_gmt":"2025-08-07T09:47:00","slug":"ripple-warns-senate-the-new-crypto-bill-could-enable-sec-overreach","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=40929","title":{"rendered":"Ripple Warns Senate: The New Crypto Bill Could Enable SEC \u201cOverreach\u201d"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Ripple Labs formally pushed back against a new US Senate draft bill \u2013 the Responsible Financial Innovation Act of 2025 \u2013 aimed at regulating the cryptocurrency market. The company behind the XRP Ledger warned that the proposed legislation could grant the Securities and Exchange Commission (SEC) excessive and indefinite power over major digital assets.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/ripple.com\/reports\/ripple-senate-banking-committee-rfi-response.pdf\" rel=\"nofollow\" target=\"_blank\"><span style=\"font-weight: 400\">In a detailed response<\/span><\/a><span style=\"font-weight: 400\"> submitted on 5 August 2025, Ripple argued that the bill in its current form would create more confusion than clarity. The company warned that the bill could stifle innovation and subject established tokens like XRP, Ethereum (ETH), and Solana (SOL) to perpetual regulatory oversight.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe draft creates more ambiguity than clarity for the industry in its attempt to delineate SEC jurisdiction over digital assets,\u201d said Ripple. \u201cIt brings most tokens and projects into an SEC-administered gatekeeping and disclosure regime, even when sales or project activity fall outside the SEC\u2019s traditional scope.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Ripple\u2019s Chief Legal Officer, Stuart Alderoty, has officially responded to the U.S. Senate Banking Committee on digital asset regulation.<\/p>\n<p>He warns: the proposed bill gives too much unchecked power to the SEC.<\/p>\n<p>No clarity = no innovation. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f447.png\" alt=\"\ud83d\udc47\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#XRP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#Ripple<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoRegulation?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">#CryptoRegulation<\/a> <a href=\"https:\/\/t.co\/BCORNPtTZk\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/BCORNPtTZk<\/a><\/p>\n<p>\u2014 John Squire (@TheCryptoSquire) <a href=\"https:\/\/twitter.com\/TheCryptoSquire\/status\/1953152844124832148?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER: <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong>Current Definition of \u201cAncillary Asset\u201d Risks Significant Regulatory Overreach<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Ripple, with first-hand experience of being in high-stakes legal battle with the SEC, claims that the bill contains vague language and could be manipulated by regulators to expand their authority.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe current definition of \u201cancillary asset\u201d risks significant regulatory overreach because it effectively presumes that any token once offered in connection with an investment contract places future transactions of that token by the \u201coriginator\u201d under SEC jurisdiction\u2014indefinitely,\u201d the company stated. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Ripple\u2019s Chief Legal Officer, Stuart Alderoty, contends that the SEC\u2019s authority should be strictly limited to the specific transaction that qualifies as an investment contract under the Howey Test. The proposed bill would allow the SEC to use a token\u2019s historical sale as a pretext to regulate all future transactions on secondary markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Alderoty said that the draft provides a <\/span><span style=\"font-weight: 400\">\u201cbackdoor to assert jurisdiction over present-day transactions based on conduct that is either irrelevant to the transaction at issue or barred from enforcement by fundamental legal protections.\u201d<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/presales\/xrp-just-hit-all-time-high-ripple-crypto-touched-3-65-before-retracing-back\/\">XRP Just Hit All Time High: Ripple Crypto Touched $3.65 Before Retracing Back <\/a><\/strong><\/p>\n<h2 class=\"nnbtc-header__title\">XRP ATH: Ripple Touched $3.65 In July Before Retracing<\/h2>\n<p>XRP hit an all-time high of $3.65 on the 18th of July before cooling off slightly to around $3.46. That puts it above its 2018 peak and firmly back in the spotlight. It\u2019s not just retail euphoria pushing this one. Institutional interest this time looks stronger, with <a class=\"cpp-widget-coin cpp-widget-99btc\" href=\"https:\/\/99bitcoins.com\/goto\/bestwallet?transfer=1\" target=\"_blank\" rel=\"nofollow noopener sponsored\" data-symbol=\"xrp\" data-name=\"XRP\" data-price=\"2.992824879300000\" data-change=\"1.27\" data-chart-style=\"99btc\" data-cta_text=\"Buy with Best Wallet\" data-cta_link=\"https:\/\/99bitcoins.com\/goto\/bestwallet\">XRP\u00a0\u25b21.27%<\/a>\u00a0overtaking Tether to become the third biggest crypto by market cap. Trading volume went parabolic into tens of billions, something you cannot see every day.<\/p>\n<p>After years of dormancy and courtroom drama, XRP just silenced all skeptics with an all-time high power move. On the 18th of July, 2025, XRP hit $3.65, finally topping the $3,40 record from back in 2018. Although the coin retraced, this rally wasn\u2019t some fluke by any means. Market data shows XRP\u2019s spot volume surged to $20 billion, with derivatives clocking in over $46 billion. This is a 135% surge for the spot and a 162% for the derivatives.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">\u00a0Ripple\u2019s concerns extend beyond just token classification. The company urged lawmakers to provide clear rules on which core blockchain activities\u2014such as staking, mining, and participating in governance\u2014should be regulated as securities.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">Given its decade-long experience navigating the murky waters of US crypto regulation, Ripple stated it is in a prime position to weigh in on the proposed legislation.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/ripple-warns-senate-a-new-crypto-bill-could-enable-sec-overreach\/\">Ripple Warns Senate: The New Crypto Bill Could Enable SEC \u201cOverreach\u201d<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple Labs formally pushed back against a new US Senate draft bill \u2013 the Responsible Financial Innovation Act of 2025 \u2013 aimed at regulating the cryptocurrency market. The company behind the XRP Ledger warned that the proposed legislation could grant the Securities and Exchange Commission (SEC) excessive and indefinite power over major digital assets.\u00a0 In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-40929","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40929"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/40929\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}