PANews reported on May 28 that Ripple Chief Legal Officer Stuart Alderoty announced that Ripple has submitted a supplemental letter to the U.S. Securities and Exchange Commission (SEC) Cryptocurrency Task Force, focusing on the issue of when digital assets can be separated from investment contracts. This move responded to the relevant questions raised by SEC Commissioner Peirce in his "New Paradigm" speech.

In the letter, Ripple cited the 2022 legal analysis and the 2023 SEC v. Ripple Labs case, emphasizing that XRP itself is not a security and that most crypto assets should not be considered securities in secondary market transactions. Ripple also suggested that the SEC introduce a "safe harbor" mechanism to provide market participants with clearer compliance guidance, and proposed a judgment standard based on network maturity to help clarify which digital assets have been separated from investment contracts.

Ripple said it hopes to promote transparency and clarity of crypto market rules through continued dialogue with the SEC and provide a clearer direction for industry development.