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XRP has a real-world implementation and application that solves a problem. Because it has applicability XRP has utility and hence cannot be a security token. The main aim of XRP was to form the basis of a system of direct asset transfers in real-time which would offer a cheaper more transparent and secure alternative to current transfer payment methods such as SWIFT. Brad Garlinghouse and Cory Johnson have clarified this on numerous occasions. While the regulatory authority claimed XRP is security both Bitcoin and Ether have been deemed as non-security assets.
Why Is Xrp A Security And Not Bitcoin. 23042018 This means if the SEC states that XRP is a security the agreement by FinCEN comes under scrutiny. If Ripple the company shuts down tomorrow the XRP ledger would continue to operate. According to Ripple XRP represents a virtual currency that comes without an investment contract and is outside of the SECs jurisdiction. Of course the entire cryptocurrency market can collapse at one point as it happened in 2018.
Ripple Uk Regulator Signals Xrp Is Not A Security Ripple Predictions Bitcoin Price From in.pinterest.com
21042020 We reported that the XRP scandal continues with haters slamming the coin as a security. Clears Howey Test And if all of the above reasons are not enough to change your mind about why XRP is not a security heres the final nail. If BTC does not show good results you can rely on profits from Ripple. 23042018 This means if the SEC states that XRP is a security the agreement by FinCEN comes under scrutiny. The subject has been debated for an extended period of time making Ripple enthusiasts and the XRP army of fans angry. XRP has a real-world implementation and application that solves a problem.
It is not a security and the SEC has no authority to regulate it as one Ripple noted in its opening argument.
11052021 When we think about the ongoing legal battle between the SEC and Ripple the two parties have gone back and forth on why XRP is a security and not according to Ripple Labs. 26112020 XRP the third-largest crypto is notably missing from the list of cryptocurrencies supported by payments giant PayPal. Ripple does not determine the price of XRP. 21042020 We reported that the XRP scandal continues with haters slamming the coin as a security. 19022020 However this is not the case with XRP. By the way if the SEC were to come out and say XRP is not a security the price of XRP.
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This doesnt seem to a clear-cut Black-or-white case. Ripple has filed a 93 pages response to the allegations of the United States Securities and Exchange Commision SEC claims that its native token XRP is a security and not a cryptocurrency. A lot of crypto including BTC yes ADA ALGO and yes XRP started as Securities but are no longer so because they have been sufficiently decentralized. Yes if Ripple shut down XRP would still exist. But Ripple stated that the economic substance of its native crypto asset XRPs transactions is no different from BTC and ETH.
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However what is evident is the urgent need for crypto regulations something that has been echoed continuously by SEC Commissioner Hester. First the SEC asserts that XRP today is still an unregistered security while EOS and KIN tokens were only at the time of sale. 30012021 For example XRP functions as a medium of exchange a virtual currency used today in international and domestic transactions moving value between jurisdictions and facilitating transactions. The following content is an official summary made by Ripple. Of course the entire cryptocurrency market can collapse at one point as it happened in 2018.
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However what is evident is the urgent need for crypto regulations something that has been echoed continuously by SEC Commissioner Hester. This doesnt seem to a clear-cut Black-or-white case. XRP is not an investment contract. 03052021 The SEC lawyer responded no under Section 4 only Ripple and affiliates of Ripple can have sold XRP illegally and that everyone who sold XRP was not selling illegal securities. The only explanation is that FinCEN did not consider XRP as being a security.
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16012020 Ripple CEO Brad Garlinghouse has once again spoken about XRP and why it should not be classified as a security. But Ripple stated that the economic substance of its native crypto asset XRPs transactions is no different from BTC and ETH. Ripple does not determine the price of XRP. XRP passes the Howey Test. 21042020 We reported that the XRP scandal continues with haters slamming the coin as a security.
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23042018 This means if the SEC states that XRP is a security the agreement by FinCEN comes under scrutiny. 15062018 In conclusion the declaration by the SEC that Ethereum is not a security makes the case that Ripple XRP is also not a security. This doesnt seem to a clear-cut Black-or-white case. Brad Garlinghouse and Cory Johnson have clarified this on numerous occasions. However what is evident is the urgent need for crypto regulations something that has been echoed continuously by SEC Commissioner Hester.
Source: br.pinterest.com
Experts name several advantages of XRP over Bitcoin. Ripple execs Brad Garlinghouse and Chris Larsen are explicitly named in the case as liable. 23042018 This means if the SEC states that XRP is a security the agreement by FinCEN comes under scrutiny. Its open-source decentralized technology that exists independent of Ripple. This means that the pending lawsuit against the parent company Ripple stands on a shaky foundation moving forward.
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Clears Howey Test And if all of the above reasons are not enough to change your mind about why XRP is not a security heres the final nail. If BTC does not show good results you can rely on profits from Ripple. 26112020 XRP the third-largest crypto is notably missing from the list of cryptocurrencies supported by payments giant PayPal. This doesnt seem to a clear-cut Black-or-white case. The crypto company files a Freedom of Information Act to know why the authorities do not classify Ethereum as a security.
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Of course the entire cryptocurrency market can collapse at one point as it happened in 2018. They also have documentation of centralization which is what the crypto community often disliked most about XRP. Ripple News Brad Garlinghouse. 21042020 We reported that the XRP scandal continues with haters slamming the coin as a security. Yes if Ripple shut down XRP would still exist.
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The only explanation is that FinCEN did not consider XRP as being a security. While the regulatory authority claimed XRP is security both Bitcoin and Ether have been deemed as non-security assets. This doesnt seem to a clear-cut Black-or-white case. 03052021 The SEC lawyer responded no under Section 4 only Ripple and affiliates of Ripple can have sold XRP illegally and that everyone who sold XRP was not selling illegal securities. 06032019 Ripple does not guarantee investors that the value of XRP will rise after the acquisition of the coin.
Source: co.pinterest.com
FinCEN would have to answer as to why it gave Ripple the green-light to go ahead with the sale without consulting the SEC. The crypto company files a Freedom of Information Act to know why the authorities do not classify Ethereum as a security. Its open-source decentralized technology that exists independent of Ripple. 08122018 In June CEO Brad Garlinghouse specifically made these arguments regarding whether XRP is a security. 05022021 The 93 pages long document cites four main arguments on why XRP is not a security and why the SEC has made a mistake.
Source: br.pinterest.com
While the regulatory authority claimed XRP is security both Bitcoin and Ether have been deemed as non-security assets. FinCEN would have to answer as to why it gave Ripple the green-light to go ahead with the sale without consulting the SEC. Personally we hope for the best although you should always remember that investing in digital currencies is a high-risk investment. According to Ripple XRP represents a virtual currency that comes without an investment contract and is outside of the SECs jurisdiction. 30012021 For example XRP functions as a medium of exchange a virtual currency used today in international and domestic transactions moving value between jurisdictions and facilitating transactions.
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