Important Ripple News and XRP Price Update: October 22

Ripple endorsed the U.S. Securities and Exchange Commission’s proposed Regulation Crypto Assets framework earlier this week, arguing that the industry needs clear legislation rather than case-by-case enforcement. The company, whose ecosystem includes the XRP token and XRP Ledger, supported treating the investment contract rather than the token as the test for whether an asset is a security, and it opposed classifications it said could renew regulatory uncertainty. Separately, spot XRP exchange-traded funds ended 13 straight weeks of net inflows with less than $2 million in outflows for the week ended October 15, down from $75 million of inflows a few weeks earlier. On October 21, their first positive day of the business week, inflows were under $1 million.