Ripple CLO Supports US SEC's Guidance on Meme Coins: Details

Ripple CLO Stuart Alderoty commented on the SEC’s classification of meme coins, agreeing they are not securities. He emphasized that the SEC’s focus should be on jurisdiction, not legality. Alderoty praised the simplicity of the guidance, which adheres to law and avoids vague terms. He highlighted that meme coins derive value from market sentiment, not income rights. The change in SEC leadership has led to a more favorable regulatory environment, potentially affecting ongoing legal cases, including Ripple’s lawsuit.