SEC Regrets Confusion Over ‘Crypto Asset Securities’ – Ripple and Coinbase Weigh In

Coinbase and Ripple’s legal chiefs, Paul Grewal and Stuart Alderoty, criticized the US Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced footnote 6 in the SEC’s amended complaint against Binance, in which the agency admitted it created confusion by labeling tokens as securities. He also emphasized (…)