Ah, mesdames et messieurs! Gather ’round as we delve into the curious case of Ripple and its illustrious Chief Legal Officer, the ever-so-eloquent Stuart Alderoty! 🎩
Our dear Stuart has recently penned a missive to the esteemed U.S. Securities and Exchange Commission (SEC), demanding a bit of clarity—like asking a cat to explain quantum physics! 🐱👤 He seeks to distinguish between crypto tokens and investment contracts, as if they were two different flavors of ice cream! 🍦
In a grand address to the SEC’s Crypto Task Force, led by the valiant Commissioner Hester Peirce, Alderoty proclaimed that most fungible crypto assets are as far from securities as a fish is from flying! 🐟✈️
In his letter, he cited the illustrious paper titled ‘The Ineluctable Modality of Securities Law’ by the sage Lewis Cohen. He argued that an investment contract necessitates a legal relationship between buyer and seller—something that seems to vanish like a magician’s rabbit in the bustling secondary market of crypto! 🎩✨
And let us not forget the ongoing spectacle of the SEC vs Ripple lawsuit! Here, our gallant CLO pointed to the wise ruling of Judge Torres, who declared that XRP is not a security in secondary sales. However, the earlier institutional sales? Oh là là! They met the criteria for investment contracts, like a fine wine meeting a cheese platter! 🍷🧀
So, dear readers, as we watch this legal drama unfold, let us raise a toast to the absurdity of it all! May the crypto gods grant us clarity, or at least a good laugh! 😂
For more delightful details, do not hesitate to Read More at Coingape.com.
Read More
- AI16Z PREDICTION. AI16Z cryptocurrency
- Best Awakened Hollyberry Build In Cookie Run Kingdom
- Best Mage Skills in Tainted Grail: The Fall of Avalon
- Tainted Grail the Fall of Avalon: Should You Turn in Vidar?
- Top 8 UFC 5 Perks Every Fighter Should Use
- USD ILS PREDICTION
- Tainted Grail: How To Find Robbie’s Grave
- Nintendo Offers Higher Margins to Japanese Retailers in Switch 2 Push
- LUNC PREDICTION. LUNC cryptocurrency
- Nintendo Switch 2 Confirms Important Child Safety Feature
2025-05-28 08:43