Ripple's Lead Lawyer: Not All Roads Lead to SEC

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Ripple's Lead Lawyer: Not All Roads Lead to SEC
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The top Ripple lawyer has addressed the complexities between securities and investment contracts

lawyer indicated that an investment contract could be created from assets such as orange groves, but that this contract, accompanied by the commitment to ensure profitability, could make the contract a security. The same logic applies to digital tokens, Alderoty said, emphasizing that, by themselves, these tokens are simply commodities or virtual currencies, not"digital asset securities.", Chairman of the U.S.

In his conclusion, Alderoty asserted that while consumer protection is essential, it does not necessitate the SEC's jurisdiction in every instance. He called any claim of such jurisdiction where it doesn't exist a"political power play." With this statement, Alderoty provided a direct critique of the SEC's ongoing scrutiny of cryptocurrencies, concluding his video with the line,"Not all roads lead to the SEC." This narrative encapsulates the wider debate within the crypto industry on how, or even if, digital assets should be regulated.

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