Ripple's Chief Legal Officer, Stuart Alderoty, expressed agreement with the United States Securities and Exchange Commission's (SEC) categorization of meme coins as not being securities. He stated that the SEC's guidance is simple and focuses on whether something falls under its jurisdiction rather than on its legality. Alderoty also emphasized that if fraud occurs, other agencies can take action, not the SEC. He supported the SEC's position by stating that meme coins do not confer rights to income, profits, or assets and their value is based on market sentiment, not managerial efforts. Alderoty also highlighted that the understanding of crypto securities terms does not need to be complicated. This guidance on meme coins is considered a reflection of positive regulatory changes since Mark Uyeda became the acting chairman of the SEC. Additionally, experts predict that the SEC may dismiss the Ripple lawsuit, despite being at the appeal stage, due to these changes and positive trends in the industry.



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