{"id":96194,"date":"2026-05-27T20:03:03","date_gmt":"2026-05-27T20:03:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=96194"},"modified":"2026-05-27T20:03:03","modified_gmt":"2026-05-27T20:03:03","slug":"ripple-turns-up-pressure-on-sec-over-crypto-rules","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=96194","title":{"rendered":"Ripple Turns Up Pressure On SEC Over Crypto Rules"},"content":{"rendered":"
\n

Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain records can serve as the authoritative legal registry for tokenized assets.<\/p>\n

The document is addressed to the SEC Crypto Task Force at the US Securities and Exchange Commission and is marked as a follow-up to a prior Ripple meeting with the task force. According to the letter, Ripple met with the group on March 20, 2026 to discuss \u201cthe treatment of payment stablecoins and tokenized securities under the net capital and customer protection rules, and potential next steps for broader guidance.\u201d<\/p>\n

\u201cWe are submitting this response as a follow-up to several questions raised in our meeting,\u201d Ripple wrote in the visible portion of the letter. \u201cThe enclosed sections outline our rationale and suggestions for the Task Force to provide clarity to the issues at hand. The response addresses the following:\u201d<\/p>\n

\n

JUST IN: Ripple officially submitted a follow-up letter to the SEC Crypto Task Force on May 22, 2026 \"\ud83d\udc40\"<\/p>\n

Here\u2019s what they\u2019re demanding:
\n\"\ud83d\udccc\" Stablecoins treated as proper collateral
\n\"\ud83d\udccc\" RLUSD haircut reduced to 0%
\n\"\ud83d\udccc\" XRP & other non-securities get same treatment as BTC & ETH
\n\"\ud83d\udccc\"\u2026 https:\/\/t.co\/9DTmsGUz4f<\/a> pic.twitter.com\/MgERkvxr0O<\/a><\/p>\n

\u2014 \ud835\uddd5\ud835\uddee\ud835\uddfb\ud835\uddf8XRP (@BankXRP) May 27, 2026<\/a><\/p>\n<\/blockquote>\n

What Ripple Is Requesting From The SEC<\/h2>\n

The first issue raised is the treatment of stablecoins as collateral. Ripple\u2019s letter calls for Rule 15c3-1 to be amended to clarify how stablecoins can be applied on broker-dealer balance sheets. That rule sits at the center of net capital requirements, making the treatment of stablecoin collateral a practical issue for regulated intermediaries that want to handle tokenized instruments without facing capital treatment that makes the activity uneconomic.<\/p>\n

Ripple also asks the SEC to clarify requirements for custodying clients\u2019 stablecoins. The company proposes amending Rule 15c3-3, the customer protection rule, to define a new category called \u201cQualified Payment Stablecoins.\u201d The framing suggests Ripple is seeking a clearer regulatory box for stablecoins<\/a> used in payments and settlement, rather than forcing them into legacy categories that may not reflect how these assets function in crypto market structure.<\/p>\n

Another major point concerns crypto asset non-securities beyond Bitcoin and Ethereum. The letter asks the SEC to clarify that \u201ccrypto asset non-securities aside from BTC and ETH <\/a>can receive equivalent treatment,\u201d citing the agency\u2019s recently released guidance on the application of securities laws to crypto assets. Ripple specifically proposes revising Question 4 in the SEC\u2019s FAQ relating to crypto asset activities to account for any non-securities that meet the \u201creadily marketable\u201d definition.<\/p>\n

That language matters because it pushes against a narrow regulatory framework in which only BTC and ETH are treated as clearly eligible for certain forms of favorable or workable treatment. While the visible page does not name XRP directly in that section, the implication is significant for assets that issuers, exchanges or broker-dealers may argue are non-securities and sufficiently liquid to be treated similarly under capital and customer protection analysis.<\/p>\n

The letter also challenges the SEC\u2019s treatment of stablecoin haircuts. Ripple says it is providing analysis showing that a 2% haircut for stablecoins \u201cremains punitive,\u201d and argues that \u201cStablecoins should have a 0% haircut\u201d when there is a mint-burn relationship between the broker-dealer and issuer. For firms operating in tokenized settlement, that distinction could affect whether stablecoins are usable at scale as collateral or treated as carrying a capital cost that limits adoption.<\/p>\n

The final issue listed in the letter goes to tokenized asset ownership. Ripple asks the SEC to clarify whether an off-chain or on-chain registry takes precedence in determining ownership and legally enforceable rights. Its proposed answer is direct: \u201cDesignate the on-chain registry as the single authoritative legal register,\u201d which Ripple says would eliminate \u201cdual-registry ambiguity\u201d in digital twin structures.<\/p>\n

BankXRP framed the submission more aggressively, saying Ripple was demanding stablecoins be treated as proper collateral, RLUSD <\/a>receive a 0% haircut, XRP and other non-securities get the same treatment as BTC and ETH, and on-chain registries be recognized as the only legal record. \u201cRipple isn\u2019t asking anymore. They\u2019re telling,\u201d the XRP community account wrote.<\/p>\n

At press time, XRP traded at $1.3299.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple has submitted a follow-up response to the SEC Crypto Task Force seeking clearer treatment for payment stablecoins, crypto asset non-securities and tokenized securities under broker-dealer rules. The letter, dated May 22, 2026 and shared by BankXRP on X, points to a broader push for regulatory clarity around collateral treatment, custody requirements and whether on-chain […]<\/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-96194","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\/96194","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=96194"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/96194\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}