Ripple's chief legal officer, Stuart Alderoty, broke his silence on the Securities Exchange Commission's (SEC) latest classification of Meme coins. The legal expert fully agrees with market regulators, stressing that Meme coins are not securities. He reiterated that the charm of the guidance lies in its simplicity. Mr. Stewart-Aldrotti argues that the question for market regulators is whether something falls under their jurisdiction, not whether it is legal or illegal, noting that under the commission's new position, if fraud occurs, someone else can take action, not the Securities Exchange Commission.