Ripple's Chief Legal Officer Outlines 6 Principles to the SEC, Urging Cautious Crypto Regulation

【Ripple's Chief Legal Officer Outlines 6 Principles to the SEC, Urging Cautious Crypto Regulation】On January 1, Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. SEC to adopt a cautious approach to crypto regulation: The SEC only has jurisdiction over securities transactions; Selling gold bars with contractual rights, ownership, or mining rights may be considered securities transactions; Selling the same gold bar without post-sale rights or obligations is merely an asset sale, which the SEC has no authority to regulate; The SEC's jurisdiction will not expand based on its selfish views of who 'should' disclose what; Tokens are by no means securities, even though they can be the subject of securities transactions; The notion that tokens can 'evolve' from securities to non-securities is a fictitious fallacy with no legal basis.