Ripple's Chief Legal Officer Criticizes SEC's Use Of 'Crypto Asset Securities'

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Ripple's Chief Legal Officer, Stuart Alderoty, has criticized the SEC's use of the term 'crypto asset securities,' which he believes is a fictional term with no legal basis. This criticism suggests that the SEC's approach to regulating cryptocurrencies may be flawed and could lead to legal challenges in the future.

According to BlockBeats, on September 3, Ripple's Chief Legal Officer Stuart Alderoty expressed his concerns on social media regarding the term 'crypto asset securities.' Alderoty stated that this term does not exist in any legal framework and is a fictional term without legal basis. He urged the U.S. Securities and Exchange Commission (SEC) to cease using it to mislead judges.

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