Odaily Planet Daily News - 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 crypto regulation: 1. The SEC has jurisdiction only over securities transactions; 2. The sale of gold bars with contractual rights, ownership, or mining rights may be a securities transaction; 3. The sale of 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 will not expand based on its selfish view of who it thinks should disclose; 5. Tokens are by no means securities, although they can be the subject of securities transactions; 6. The notion that tokens can 'evolve' from securities to non-securities is a fictitious fallacy with no legal basis.

#SEC #XRP