n2it Posted February 9, 2018 Share Posted February 9, 2018 Just read this article (https://cointelegraph.com/news/sec-hints-at-tighter-regulation-for-icos-smart-policies-for-true-cryptocurrencies) summarizing the SEC's definition of "True cryptocurrencies" and was wondering what effect this would have on Ripple's XRP. Seems the SEC considers "True cryptocurrencies" as tokens that use blockchain ledgers *and* can be mined (XRP isn't mined). I get the impression that mine-able tokens will get less strict regulation from the SEC, but non-mine-able tokens will be treated as securities, which have a higher bar to clear for public trading. I.E., the value of non-mine-able tokens is based on the company's performance and thus become subject to the regulations used for securities. My initial impression is that this would be another hoop that XRP has to jump through to be legit, giving mineable tokens an edge over XRP. So XRP prices should go down on this news. Since I'm a total noob at CCs, I could be completely wrong about this. The market is currently proving the "you're a noob" hypothesis, as XRP prices went up on news that is days old. I do think that if any non-mine-able token can handle the additional regulations, it would be XRP. Other ICOs with non-mine-able tokens would be in serious trouble. Any experienced CC experts willing to explain this? Link to comment Share on other sites More sharing options...
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