Ripple Urges SEC to Clarify Crypto Classification for Increased Innovation

Ripple’s legal team, led by Stuart Alderoty, has criticized the SEC’s interpretation of ‘investment contracts’ in cryptocurrencies. Alderoty argues that true contracts between buyers and sellers are not prevalent in secondary market transactions, challenging the SEC’s broad application of securities laws to this sector. He advocates for clearer guidelines from the SEC to foster innovation while resolving ongoing legal battles.