Ripple Warns Senate: The New Crypto Bill Could Enable SEC “Overreach”

Ripple Labs formally pushed back against a new US Senate draft bill – the Responsible Financial Innovation Act of 2025 – 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. In.. The post Ripple Warns Senate: The New Crypto Bill Could Enable SEC “Overreach” appeared first on 99Bitcoins.

crypto

Aug 7, 2025 - 20:00

0 4

Ripple Labs formally pushed back against a new US Senate draft bill – the Responsible Financial Innovation Act of 2025 – 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.

In a detailed response 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.

“The draft creates more ambiguity than clarity for the industry in its attempt to delineate SEC jurisdiction over digital assets,” said Ripple. “It brings most tokens and projects into an SEC-administered gatekeeping and disclosure regime, even when sales or project activity fall outside the SEC’s traditional scope.”