Ripple's Chief Legal Officer Criticizes SEC's Use Of 'Crypto Asset Securities'

According to BlockBeats, on September 3, Ripple's Chief Legal Officer Stuart Alderoty expressed his concerns on social media regarding the term 'crypto asset securities.' Alderoty stated that this term does not exist in any legal framework and is a fictional term without legal basis. He urged the U.S. Securities and Exchange Commission (SEC) to cease using it to mislead judges.