Internet reports that Ripple's chief legal officer Stuart Alderoty broke his silence on the U.S. Securities and Exchange Commission's latest Meme coin classification. The legal expert fully agreed with market regulators, emphasizing that Meme coins are not securities. He reiterated that the charm of the guidance lies in its simplicity. Stewart Aldrotti believes that the problem for market regulators is whether something falls within their jurisdiction, not whether it is legal or illegal. He noted that under the commission's new position, if fraud occurs, other agencies can take action, not the Securities and Exchange Commission.