The chief legal officer at Ripple, Stuart Aldeorty, has outlined several key principles that he believes the SEC should follow in 2025. He emphasizes that the SEC's jurisdiction should only cover security transactions and that they cannot police simple asset sales. Aldeorty criticizes the idea that a cryptocurrency token can shift from being a security to a non-security, stating that it has no basis in law. The SEC has received criticism from the crypto industry for trying to expand its jurisdiction by categorizing cryptocurrency assets as securities. Aldeorty argues that even though cryptocurrency tokens can be subject to security transactions, they should not be classified as securities. The departure of SEC Chair Gary Gensler is expected to bring an end to the aggressive "regulation by enforcement" approach, with his replacement likely to adopt a friendlier stance. However, a report suggests that the SEC may not give the crypto industry a free pass in the future. Alderoty previously called on the next SEC chair to collaborate with Congress on clear rules for crypto.



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