SEC at a Crossroads: Ripple’s Legal Chief Reveals Must-Change Principles for 2025
Ripple’s legal chief, Stuart Alderoty, warned the SEC on Dec. 31 against overstepping its jurisdiction in 2025.
He clarified that the SEC’s authority applies to securities transactions only, not to asset sales without post-sale rights or obligations, using the example of selling a gold bar. Alderoty emphasized that tokens should not be classified as securities by default, stating they can be part of a security transaction but are not inherently securities.
He also rejected the idea that tokens could evolve from securities to non-securities, calling it a baseless claim. Alderoty stressed the importance of consistent legal definitions in regulating digital assets.
Clever Robot News Desk 2nd January 2025
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