Ripple has taken a stand against the US Securities and Exchange Commission SEC, claiming that fungible cryptocurrencies do not qualify as securities when transferred in secondary sales. In a letter dated May 27, Ripple referenced Lewis Cohen, a prominent attorney in crypto law. Cohen argues that there is insufficient legal basis to classify most fungible crypto assets as securities during secondary transactions. This statement could play a significant role in future crypto regulations, emphasizing the need for clarity in the evolving landscape of digital assets.