According to BlockBeats, on January 1, Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. Securities and Exchange Commission (SEC) to adopt a cautious approach to cryptocurrency regulation:
1. The SEC's jurisdiction is limited to securities transactions.
2. Selling gold bars with contractual rights, ownership, or mining interests may constitute a securities transaction.
3. Selling the same gold bar without post-sale rights or obligations is merely an asset sale, which the SEC has no authority to regulate.
4. The SEC's jurisdiction should not expand based on its subjective view of who "should" disclose information.
5. Tokens are not securities, although they can be the subject of securities transactions.
6. The notion that a token can "evolve" from a security to a non-security is a fictional fallacy without legal basis.