Stuart Alderoty, Ripple's chief legal officer, shared two images on the X platform, one of Taylor Swift's Time Tour concert tickets at Hard Rock Stadium, and another with the beaded inscription "XRP is not a security", saying that "a secondary market similar to this note does not make it a security, just like trading cryptocurrencies, not every market is a security market", XRP is not a security, just like Taylor Swift's concert tickets. It is reported that many industry insiders, including Coinbase Chief Legal Officer Paul Grewal, have also pointed out that Taylor Swift did not advertise her tickets, so according to the regulator, securities are an asset that allows users to benefit from the efforts or publicity of others.