Ripple's Chief Legal Officer outlines 6 principles to the US SEC, urging them to adopt a prudent approach to cryptocurrency regulation

Odaily Planet Daily News: Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the US SEC to adopt a cautious approach to cryptocurrency regulation: The SEC only has jurisdiction over securities trading; Selling gold bars with contractual rights, ownership, or gold mining interests may be a securities transaction; Selling the same gold bar without any after-sales rights or obligations is only an asset sale, and the SEC has no authority to regulate it; 4. The jurisdiction of the SEC will not be expanded based on its selfish views on who it believes should be disclosed more; 5. Tokens are not securities, although they can be the subject of securities trading; The concept that tokens can evolve from securities to non securities is a fallacy and has no legal basis.