CoinVoice has recently learned that Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. SEC to adopt a prudent approach to cryptocurrency regulation:

The SEC only has jurisdiction over securities transactions;

The sale of gold bars with contractual rights, ownership, or mining interests may be a securities transaction;

The sale of the same gold bar without post-sale rights or obligations is merely an asset sale, and the SEC has no authority to regulate it;

The SEC's jurisdiction will not expand based on its self-serving view of who 'should' disclose;

Tokens are definitely not securities, even though they can be the subject of securities transactions;

The notion that tokens can 'evolve' from securities to non-securities is a fictional fallacy with no legal basis. [Original link]