The article discusses the debate surrounding the registration of specific digital currencies, such as XRP and SOL, with the U.S. Securities and Exchange Commission (SEC). Jeremy Hogan, an attorney who supports XRP, argues that these currencies may not need to be registered with the SEC. Marc Fagel, a securities law expert, suggests that FTX, a cryptocurrency exchange, may be exempt from registration as a facilitator of these tokens. The article also mentions the question of whether a token identified as a security should undergo mandatory registration. The traceability of a token’s origin and concerns about untraceability in cryptocurrencies add another layer to the debate. Fagel believes subsequent sales, like the initial one, would likely be exempt as well. Determining whether a token requires an exchange to be registered may be clarified by future decisions in cases involving Coinbase and Binance.

AI Sentiment: Neutral