CTF Written Submission

RE: Follow up from Ripple – SEC Crypto Task Force Meeting

May 22, 2026
  • Ripple requests amendments or interpretive guidance under Rules 15c3‑1 and 15c3‑3 to allow Qualified Payment Stablecoins to be treated as allowable assets, cash equivalents, and eligible reserve assets, ensuring consistent treatment of stablecoins in collateral, custody, and reserve contexts.
  • Ripple urges the SEC to clarify that digital asset non‑securities beyond BTC and ETH may be deemed “readily marketable” when supported by exchange‑listed or competitively quoted ETPs, aligning FAQ Question 4 with broader digital commodity guidance.
  • Ripple recommends designating an on‑chain registry—maintained by a regulated digital transfer agent—as the authoritative legal register for directly issued tokenized securities, resolving dual‑registry ownership ambiguities under stress.

Last Reviewed or Updated: May 26, 2026