Ripple CLO calls out US regulator for labeling crypto tokens as securities, SEC amends Binance lawsuit

XRP posts gains for a second consecutive day on Friday, extending Thursday’s surge, as Ripple Chief Legal Officer (CLO) Stuart Alderoty and Coinbase’s CLO Paul Grewal slammed the US Securities & Exchange Commission (SEC) stance over the usage of the term “crypto asset securities.” The regulator clarified its use of the term “crypto asset securities” (that has no legal basis per Alderoty)... source: https://www.fxstreet.com/cryptocurrencies/news/xrp-gains-as-ripple-clo-calls-out-sec-for-stance-on-crypto-asset-securities-regulator-apologizes-for-confusion-202409131831