Comments on the SEC's proposed Regulation Crypto Assets closed on 2026-10-20.
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The SEC's Regulation Crypto Assets docket closed on Oct 20 with Ripple filing its own comment letter backing the proposal — and Ripple says ambiguity already cost it $150M+
Peak / day14tracked accounts
Peak dayTueOct 20 · busiest day in the panel
Rest of X / peak day—not measured outside the panel
Cited claims12source links retained
Market—no token attached
Attention
Who was talking, day by day
Tracked paneldistinct tracked accounts / day
What happened
Comments on the SEC's proposed Regulation Crypto Assets closed on 2026-10-20, and the loudest single filing was Ripple's: @s_alderoty posted a thread on 2026-10-20 saying "Today Ripple filed its comment letter on the SEC's proposed Regulation Crypto Assets," that Ripple supports the proposal and that "the SEC has clear authority to adopt it." The substance Ripple argued: an investment contract is the security, not the token; what matters is what an issuer promised and when those promises end, not a subjective decentralization test; and years of "case by case, coin by coin" enforcement pushed innovation offshore. Same thread: Ripple "spent more than $150 million to get clarity." This was carried by @ripplexity ("JUST IN: #Ripple files comment letter with the SEC backing its proposed crypto regulations", 2026-10-20T22:41Z), @cointelegraph (2026-10-21T02:30Z, quoting the investment-contract-not-the-token line) and @scottmelker in all caps on 2026-10-21T08:56Z. A second, clearly connected filing came from @stellarorg on 2026-10-22: SDF joined @hedera, @AptosLabs, @AvaLabs, @Cardano_CF and @chainlink on a letter asking the SEC to turn the 2026 Interpretation's "digital commodity" classification into regulation. Earlier filings in the same docket: @pdmytriiev on 2026-10-19 flagged HPC's comment letter supporting the proposal but with five requests where "the draft still leaves @HyperliquidX-style projects exposed" (put "no payment, no security" in the rule text and confirm that connecting a wallet or passing sanctions checks isn't payment; let exempt tokens trade from day one; allow a "never was a security" safe harbor certification). @jameschristoph on 2026-10-21 backed @Blockworks' letter ("Transparency is crypto's #1 problem"), quoting @tophergmi's identical line — same wording twice, treat as coordinated amplification. @barakotayo noted on 2026-10-20 that comments closed that day and that the rule makes U.S. raises easier and gives tokens a path out of securities treatment once the team's main work is done, but called it "not a complete fix" and "not the full market structure people want."
Why it matters
For projects: the docket is where the "investment contract ends, token is not the security" test either gets written into rule text or left for enforcement to define — Ripple's $150M+ spent on ambiguity is the number being used to argue for the former. For exchanges and protocols: HPC's letter is the counterweight, arguing the draft as written still leaves onchain venues exposed on airdrops, secondary trading from day one and safe harbor. If the SEC takes the "digital commodity" classification from the 2026 Interpretation and makes it a regulation, as the SDF/Hedera/Aptos/Ava Labs/Cardano/Chainlink letter asks, that is the durable-rule version the earlier case-by-case era lacked.
Observed reaction
Supportive of the proposal with specific carve-out demands, not blanket endorsement. Ripple, HPC and Blockworks all back adoption; HPC and @barakotayo both say the draft is incomplete — HPC on onchain resales and airdrops, @barakotayo on it not being full market structure.
Spread
Where it started and who carried it
- First seen
- Oct 18, 17:24 UTC by @chloe_xrpl
- Accounts
- 6 tracked · 21 elsewhere on X
- Communities
- macro rwa (2), eth defi (1), bitcoin (1), perps trading (1)
- Key accounts
- @s_alderoty, @cointelegraph, @ripplexity, @scottmelker, @hyperliquidpc
Explainability
Evidence register
Ripple filed its comment letter on the SEC's proposed Regulation Crypto Assets on 2026-10-20, supporting the proposal and saying the SEC has clear authority to adopt it.
[1][2][3][4]Ripple's letter argues the investment contract is the security, not the token, and that what matters is what an issuer promised and when those promises end, not a subjective decentralization test.
[1][2]Ripple's thread states years of "case by case, coin by coin" enforcement pushed innovation offshore, and that Ripple spent more than $150 million to get clarity.
[1]HPC submitted a comment letter supporting the SEC's proposed Regulation Crypto Assets with five requests, saying the draft still leaves @HyperliquidX-style projects exposed.
[1]HPC's requests include putting "no payment, no security" in the rule text and confirming that connecting a wallet or passing sanctions checks doesn't count as payment, letting exempt tokens trade from day one, allowing onchain protocols to facilitate resales, and permitting a "never was a security" safe harbor certification.
[1]HPC's post cites the SEC's own analysis that the rule's benefits may be small without a liquid market.
[1]@jameschristoph expressed support for @Blockworks' comment letter on the SEC's Regulation Crypto Assets proposal, quoting @tophergmi's line that transparency is crypto's #1 problem.
[1]SDF joined @hedera, @AptosLabs, @AvaLabs, @Cardano_CF and @chainlink in a letter to the SEC on the proposed Regulation Crypto Assets, asking that the 2026 Interpretation's "digital commodity" classification be made into regulation.
[1]@barakotayo wrote that the rule makes it easier for projects to raise money in the U.S. and gives a path for tokens to stop being treated as securities once the team's main work is done, but called it "not a complete fix" and "not the full market structure people want."
[1]The Blockchain Association submitted comments on Treasury's proposed GENIUS Act rule for stablecoin issuance, urging clearer definitions and narrower liability.
[1]Ripple's filing was relayed by @ripplexity on 2026-10-20, @cointelegraph on 2026-10-21 and @scottmelker on 2026-10-21.
[1][2][3]Angles
- Ripple's "$150 million to get clarity" figure as the cost-of-ambiguity argument in the filing — use the number as Ripple stated it.
- The specific asks in HPC's letter on @HyperliquidX-style projects: "no payment, no security" in the rule text, wallet-connect and sanctions checks not counting as payment, exempt tokens tradeable from day one, onchain protocols facilitating resales.
- The SDF+@hedera+@AptosLabs+@AvaLabs+@Cardano_CF+@chainlink joint letter asking the SEC to codify the 2026 Interpretation's "digital commodity" classification.
- Who backed the proposal and how: Ripple (investment contract not token), HPC (support with five requests), @Blockworks (transparency framing, amplified by @jameschristoph quoting @tophergmi verbatim).
In the playbook for Mon, Nov 2
Formats in use
Risks
- Some posts carry no fresh detail and read as positioning: @jameschristoph and @tophergmi posted the identical Blockworks-support line, and @cointelegraph's stablecoin item covers Treasury's proposed GENIUS Act rule, a different docket from the SEC's Regulation Crypto Assets.
- The Ripple thread is Ripple's own account presenting its own filing; @scottmelker and @ripplexity are relaying it, not independently reporting the filing's contents.
- @sebiisb's post is about BlackRock's proposed Bitcoin-linked fund, not the SEC rule docket, and uses hypothetical returns (20% gain vs a 60% asset move) that are illustrative, not reported figures.
- A fifth tracked post (@enmaart1 on $ZENO) is a description of an AI-forecasting project with no SEC angle and is likely paid promotion — flag if reused.
Observed content
Most-engaged posts
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History