Ripple’s legal team has intensified its push for clarity regarding the SEC’s approach to cryptocurrency regulations, challenging the agency’s broad interpretation of ‘investment contracts’. The firm’s Chief Legal Officer, Stuart Alderoty, argues that a direct contractual relationship between buyers and sellers is essential for a contract-based investment. He highlights the recent case involving XRP sales, where Judge Analisa Torres ruled against classifying these transactions as securities. Alderoty calls for the SEC to adopt more nuanced regulations, considering the evolving nature of investor-issuer relationships, rather than treating all cryptocurrencies as inherently investment contracts. This stance seeks to foster innovation in the cryptocurrency market and prevent stifling growth, while also raising concerns about global competitiveness in the space.