RippleClo supports SEC guidance on memecoin: More Information

Ripple Clo Stuart Aldeoty has broken the US Securities and Exchange Commission (SEC) silence over the latest classification of memecoin. Legal experts stressed that Memecoin is not a securities and agreed entirely with market regulators. He reiterated that the beauty of guidance is related to its simplicity.

Meme Coin Non-Security Case

According to For Ripple CLO, the question of market regulators is not whether something is legal or illegal, but whether it is under its jurisdiction. He pointed out, in his new position on the committee, that in the event of fraud, other agencies can act rather than the SEC.

Aldeoty said the SEC guidance would stick to laws and precedents. He said he avoided vague classifications like “decentralization.”

In supporting this position, Ripple Clo said that memecoin is “not a securities because it does not grant you any rights to income, profits or assets.” Rather, he pointed out that their value comes from market sentiment, not from management efforts.

As Ripple Labs argued in its lawsuit with the US SEC, Aldeoty said there would be no investment contracts without an investment in a common company. He ended his filing, saying that understanding the terms of cryptocurrency security need not be complicated.

There is a correct crypto policy change

Since Mark Weda I became the acting president Within the US SEC, positive regulatory changes have begun to wipe out the crypto industry. This guidance on memecoin is an important reflection of these changes.

Last week, the regulators have it Closed investigation and lawsuits against some of the top crypto cases it has raised during a Gary Gensler-led administration. The latest one is Litigation with Coinbase††††† It was officially deleted on February 27th.

Due to changes and positive trends, many industry experts predict that even though they are in the appeal stage, the Ripple case could also be dismissed by the US SEC.