The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the crypto sector's push to end regulatory ambiguity in the U.S., Ripple has urged the Securities and Exchange Commission (SEC) to treat its XRP token similarly to Bitcoin and Ethereum. According to reports, the formal request included proposals for new frameworks regarding stablecoins and capital requirements. This initiative aims to resolve the long-standing legal battle with the commission and secure an equitable regulatory status for the token in financial markets.
These maneuvers come as major cryptocurrencies show mixed performance, with Ripple seeking to close the regulatory gap with Bitcoin, currently trading above $68,000, and Ethereum, which exceeds $3,800 per market data. Legal experts suggest that accepting this proposal could be a game-changer for fintech firms, especially after Ripple secured previous partial court victories ruling that retail sales of XRP do not constitute investment contracts.
Sign in to access this content
Sign InRegarding market action, XRP stood at $0.5340 (close May 26, 2026), as traders await any official response from the regulator. Looking at the economic calendar, investors are closely watching the release of the FOMC Minutes on May 20, 2026, which could significantly impact risk appetite across the broader digital asset market.
Update: Ripple has intensified its regulatory push by submitting a detailed technical response to the SEC's Crypto Task Force, specifically seeking clearer treatment for payment-focused stablecoins. The new proposals also call for clarifications on non-security crypto assets and the application of broker-dealer rules to tokenized securities.
Update: Ripple specifically addressed the SEC's Crypto Task Force in its latest communication. The updated demands included explicit rules for asset tokenization and proposed amendments to stablecoin laws to enhance regulatory clarity.