WHERE IS THE PROBLEM? Classify two of the top three coins by market cap, ethereum and Ripple's XRP, as securities

[makisushi]

Question: Where is the problem? Pls. see https://en.m.wikipedia.org/wiki/Security_(finance)

Take a look at the classification.

More control = OK / More regulation = OK 

Thats was banks, fonds all financial institution want!  So, breathe

Perfect for Rippel and Ether. Reverse not perfect for other cryptos.

Not everything is like at first sight.....

[Quintree]

The problem is the exchanges. They would delist XRP. They don't want the regulatory headaches involved with securities. 

[makisushi]

Maybe some crypto exachanges - but  stock exchange or securities exchange have no headache.

Also no headache in Asia.

[Quintree]

8 minutes ago, makisushi said:

Maybe some crypto exachanges - but  stock exchange or securities exchange have no headache.

Also no headache in Asia.

Yeah, but who knows what regulatory hurdles a stock exchange like NASDAQ has, let alone for something never listed like a digital asset. I am not sure they could even get on there. But yeah, XRP could possibly ride out that storm in the end with alternative forms of exchange. 

Edited April 25, 2018 by Quintree

[XRPisVELOCITY]

Interesting subject, please continue.

 

Edited April 25, 2018 by XRPisVELOCITY

[Blockchained]

I would think that the big money from Wall st will prefer the safety of a regulated security.

[Professor Hantzen]

This only affects US-based exchanges, which only comprise about 20% of trade volume (when totalling the top 10 exchanges by volume worldwide for all coins).  Also, if US-based exchanges all left the space overnight because of regulation - who would instead fill the void offering crypto to retail investors?  Obviously, with a lack of regulation being what's stopping them now, it will be pre-existing, non-crypto exchanges, ie well-known, household names that have existed for decades.  That could only be good, and would likely cause that small US component of trade volume to grow significantly.  Obviously due to loyalties and general fairness and principles, it would be nice if the pioneering exchanges of today were to grow into the household names of tomorrow, but ultimately - in my opinion at least - whichever way it goes will have little effect on the long-term value of the space.

[Quintree]

3 minutes ago, Professor Hantzen said:

This only affects US-based exchanges, which only comprise about 20% of trade volume (when totalling the top 10 exchanges by volume worldwide for all coins).  Also, if US-based exchanges all left the space overnight because of regulation - who would instead fill the void offering crypto to retail investors?  Obviously, with a lack of regulation being what's stopping them now, it will be pre-existing, non-crypto exchanges, ie well-known, household names that have existed for decades.  That could only be good, and would likely cause that small US component of trade volume to grow significantly.  Obviously due to loyalties and general fairness and principles, it would be nice if the pioneering exchanges of today were to grow into the household names of tomorrow, but ultimately - in my opinion at least - whichever way it goes will have little effect on the long-term value of the space.

The question comes to mind then why Ripple is insisting XRP is not a security. If it's a net positive, seems they wouldn't be taking that position. 

[Karl]

The federal authority fight over public funds, err, liabilities and "investor protection" continues.

[MemberBerry]

https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html?__source=sharebar|twitter&par=sharebar

 

[GiddyUp]

7 minutes ago, Quintree said:

The question comes to mind then why Ripple is insisting XRP is not a security. If it's a net positive, seems they wouldn't be taking that position.

They already have a security...

https://www.sec.gov/Archives/edgar/data/1685012/000168501216000001/xslFormDX01/primary_doc.xml

[Quintree]

3 minutes ago, GiddyUp said:

They already have a security...

https://www.sec.gov/Archives/edgar/data/1685012/000168501216000001/xslFormDX01/primary_doc.xml

So they don't want XRP as a security since they already have issued some private shares? 

[GiddyUp]

9 minutes ago, Quintree said:

So they don't want XRP as a security since they already have issued some private shares? 

I sure hope not, if XRP were to be deemed to be a security, one would have to be an accredited investor; income of $200,000 or assets of $1,000,000, excluding your house...

" If ripple was to be classified as a security, its sale would be subject to much more stringent regulations in the U.S., making it more akin to a stock than a cryptocurrency."

"2018 has been billed by some in the crypto space as the year of the security token, but these tokens will be traded on specialist exchanges that are licensed to sell them, and to accredited investors."

[XRPanda]

5 minutes ago, GiddyUp said:

I sure hope not, if XRP were to be deemed to be a security, one would have to be an accredited investor; income of $200,000 or assets of $1,000,000, excluding your house...

" If ripple was to be classified as a security, its sale would be subject to much more stringent regulations in the U.S., making it more akin to a stock than a cryptocurrency."

"2018 has been billed by some in the crypto space as the year of the security token, but these tokens will be traded on specialist exchanges that are licensed to sell them, and to accredited investors."

I sure hope not, if XRP were to be deemed to be a security, one would have to be an accredited investor; income of $200,000 or assets of $1,000,000, excluding your house...

That would not apply for US citizens who already own XRP, or am I missing something?

[marcinxrp]

9 minutes ago, GiddyUp said:

I sure hope not, if XRP were to be deemed to be a security, one would have to be an accredited investor; income of $200,000 or assets of $1,000,000, excluding your house...

" If ripple was to be classified as a security, its sale would be subject to much more stringent regulations in the U.S., making it more akin to a stock than a cryptocurrency."

"2018 has been billed by some in the crypto space as the year of the security token, but these tokens will be traded on specialist exchanges that are licensed to sell them, and to accredited investors."

so if will be security it's last chance to get them without be accredited investor