【Ripple Chief Legal Officer Outlines 6 Principles to U.S. SEC, Urging Cautious Crypto Regulation】On January 1st, Ripple 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 has jurisdiction only over securities transactions; Selling gold bars with contractual rights, ownership, or mining rights may be a securities transaction; Selling the same gold bar without after-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 view of who 'should' disclose; Tokens are not securities, even though they can be the subject of securities transactions; The concept that tokens can 'evolve' from securities to non-securities is a fictitious fallacy with no legal basis.

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