🔔 Cryptocurrency News:

- Ripple Labs Chief Legal Officer Stuart Alderothy criticizes the SEC for using the term "crypto asset security," calling it fictitious and without legal basis.

- The SEC warns it may challenge FTX's plan to use stablecoins to pay creditors.

- In a case against Kraken, a California federal court also expressed doubts about the term "crypto asset security."

- The SEC has not previously required galleries selling art with investment motives to register.