Ripple Pushes SEC for Clear Stablecoin and Tokenization Rules

Ripple has moved its crypto policy agenda back to the SEC through a new Crypto Task Force letter. The company asked regulators to clarify stablecoin treatment, crypto non-security rules, and tokenized securities records. The proposal adds pressure on Washington to turn recent digital asset guidance into workable market rules.

Ripple Pushes Stablecoin Rule Changes

Ripple asked the SEC to update broker-dealer capital rules for payment stablecoins. The company focused on Rule 15c3-1, which governs net capital requirements for broker-dealers. It said the rule needs clearer treatment for stablecoins used as collateral on balance sheets.

The letter also addressed Rule 15c3-3, which covers customer protection and custody duties. Ripple wants the SEC to define qualified payment stablecoins under that framework. The request aims to help firms custody client stablecoins without unclear compliance exposure.

Ripple also challenged the current haircut treatment for stablecoins. It argued that some stablecoins deserve a 0% haircut when issuers support direct mint-and-burn arrangements. However, Ripple limited that request to stablecoins with strong issuer and broker-dealer links.

XRP Non-Security Status Remains Central

Ripple also asked the SEC to clarify how crypto assets classified as non-securities should receive market treatment. The company said that assets beyond Bitcoin and Ethereum need clear treatment when they meet marketability standards. This point keeps XRP near the center of the broader policy debate.

The request follows years of legal and regulatory pressure around XRP. However, recent policy shifts have reduced some uncertainty around major crypto assets. Ripple now wants that shift reflected in SEC staff guidance and broker-dealer rules.

Ripple also cited the SEC’s crypto activity FAQ as an area needing updates. The company wants the FAQ to account for non-securities that qualify as readily marketable assets. That change could support clearer balance sheet treatment for more digital assets.

Tokenized Securities Proposal Targets Market Records

Ripple also urged the SEC to recognize on-chain registries for tokenized securities. The company wants a regulated digital transfer agent to maintain the official legal record. This approach could reduce disputes between blockchain records and traditional ownership systems.

The proposal targets a key issue in tokenized finance. Firms can face uncertainty when legal ownership records differ from on-chain balances. Ripple said an authoritative on-chain registry could reduce those conflicts during market stress.

The letter also fits a wider shift in U.S. crypto policy. Regulators have advanced new categories for digital commodities, stablecoins, digital tools, and digital securities. Therefore, Ripple wants final guidance that supports tokenization, custody, and payment settlement.

Regulatory Clarity Builds Around Digital Assets

The SEC Crypto Task Force has increased dialogue with crypto firms this year. Ripple’s letter followed a prior meeting with Commissioner Hester Peirce and task force members. The company used the follow-up to turn policy discussions into specific rule requests.

The broader market has also moved toward real-world asset tokenization. Banks, exchanges, and payment firms now test tokenized settlement and blockchain-based records. Ripple has positioned RLUSD, XRP, and its payments network within that transition.

The company’s request also connects with ongoing legislative efforts in Washington. Ripple has supported clearer rules through measures such as the CLARITY Act. Its latest letter now asks the SEC to align agency guidance with that wider policy direction.

This article was originally published as Ripple Pushes SEC for Clear Stablecoin and Tokenization Rules on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.