On January 1, PANews reported that Ripple's Chief Legal Officer Stuart Alderoty urged the U.S. SEC to follow six key principles for prudent regulation of crypto in 2025 and beyond:
The SEC only has jurisdiction over securities transactions;
Selling gold bars with contractual rights, ownership, or gold mine interests may be a securities transaction;
Selling the same gold bar without any 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 more;
Tokens are never securities, although they can be the subject of securities transactions;
The idea that tokens can 'evolve' from securities to non-securities is a fictional fallacy with no legal basis.