Ripple Calls for SEC to Adopt Network Maturity Standard

In a bid to clarify cryptocurrency regulation in the U.S., Ripple Labs has proposed a shift from the current ‘sufficient decentralization’ standard to a new ‘network maturity’ framework. This proposal, outlined in a formal communication to the Securities and Exchange Commission (SEC), aims to address discrepancies in classifying crypto assets as securities. Ripple emphasizes the importance of user outcomes over strict adherence to decentralization principles. CEO Brad Garlinghouse and CTO David Schwartz highlight this stance, calling for regulatory clarity that fosters financial and business growth in the crypto sector.