Ripple's Chief Legal Officer, Stuart Alderoty, has praised the recent decision by the U.S. Securities and Exchange Commission (SEC) to classify meme coins as collectibles rather than securities. He believes that the SEC's statement demonstrates simplicity and clarity, and that the agency is now acting within its jurisdiction. Alderoty emphasizes that all decisions by the SEC should be equally easy for the crypto industry to comprehend. VC investor Anthony Pompliano also commented on the decision, suggesting that if meme coins are now classified as collectibles, then every asset could eventually be classified as such. This news comes after the SEC dismissed several legal cases against prominent crypto companies in recent weeks under the leadership of former chairman Gary Gensler. The community now anticipates the dismissal of the case against Ripple.



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