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**Ripples Top Attorney Supports SEC’s Position on Meme Coins: The Details**
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Ripple’s chief legal officer, Stuart Alderoty, has shared his thoughts on the SEC’s current perspective on meme coins. He completely agrees with the SEC’s opinion that meme coins aren’t securities. Alderoty emphasizes the elegance of the SEC’s advice is in its clarity.
**Meme Coins: Not Investments?**
According to Ripple’s legal director, the SEC is more interested in whether something is within its authority than whether it’s lawful. He explains that the SEC’s updated position implies other organizations can intervene if there’s deceit, not the SEC itself.
> “The elegance of the SEC’s declaration on meme coins is its straightforwardness. The SEC is concerned about whether something falls under its authority, not whether it’s legitimate. If there’s fraud, other authorities can take action. This advice adheres to the law and precedent, preventing any ambiguity…” – Stuart Alderoty (@s_alderoty) February 28, 2025
Alderoty notes that the SEC’s advice adheres to the regulations and avoids unclear language like “decentralization.”
To support his view, Ripple’s top legal advisor explains that meme coins don’t grant owners rights to revenue, earnings, or possessions, which is why they’re not securities.
He contends that their worth arises from market opinion, not the diligent efforts of leadership.
As Ripple Labs posited in its judicial disagreement with the U.S. Securities and Exchange Commission, Alderoty affirms that there isn’t an investing arrangement lacking investment within a shared undertaking. He infers that comprehending the stipulations of virtual currency protections isn’t essentially intricate.
## Forthcoming Precise Virtual Currency Strategy Adjustments
Since Mark Uyeda took office as acting head of the U.S. Securities and Exchange Commission, favorable regulatory modifications have commenced influencing the virtual currency sector. The directives on Meme tokens are the foremost display of these modifications.
In recent days, authorities have wrapped up probes and legal actions opposing some of the foremost virtual currencies submitted during the administration under Gary Gensler. The freshest was the legal action with Coinbase, which was formally rescinded on February 27.
Considering these modifications and optimistic inclinations, numerous sector specialists anticipate that the Ripple legal action may likewise be rebuffed by the U.S. Securities and Exchange Commission, even though it is in the entreaty phase.
