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FreedomGundam

What if XRP is security?

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1 hour ago, Hodlezerper said:

If XRP is a deemed the same classification as a stock certificate, regulations will disallow XRP to be used in the way that it's intended now. 

Which perfectly illustrates why it would never be labeled a security: A stock certificate has no intended use.

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2 hours ago, FreedomGundam said:

Thanks for the link, I already read. The link has prove that XRP is not security. But this is not my question. My Question is what if the XRP loose?

Then we suddenly have the opportunity to become a whale by buying millions of Xrp for $0.00?

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2 hours ago, Black said:

Be it a security or not, I think people would probably still use it because it’s about the technology. Nobody else has been able to do instant settlement the way Ripple does it.  XRP is revolutionary.

Yes,I think so, too.

Interledger and XRP carry out much present problem solving. 
Even if it changes classification, value does not change. 
price is decided by demand and supply. And demand of necessary thing doesn't disappear.

If XRP is securities, much of ICO token is also securities.

In this case the securities cryptocurrency are rather majority.

Exchange considers always majority, and would be managed.
SEC also understand that.

SEC wouldn't do to crush new economy of cryptocurrency.
cryptocurrency is the last frontier of capitalism and internet.

 Value of XRP is not a classification.

I think stock securities will be also token-ized in the future.

And NASDAQ is also interested in cryptocurrency.

https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html

We will not need to be too afraid of it.

BTC, ETH and much others are token by broad sense.

Edited by hamasugu

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I agree, people give their opinions about things they don't know,  we can discuss for many more months because nothing will happen this year, ripple is still working on the decentralization of the network,  and sec told a token can evolve.

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1 hour ago, enrique11 said:

Not financial advice, just my opinion.

I don't agree with this.  The SEC is here to protect investors, regardless of the level of utility that XRP has or not.   If investors believe that XRP's success depends on Ripple's (the company) success, and that XRP will make them rich, then the SEC can step in to protect them from themselves. A lot of new investors don't understand that XRP's success depends on it's utility by those that adopt it.  Of course Ripple plays an important role indirectly in facilitating that adoption, but the ones adopting and possibly using XRP are the FIs, so XRP's success directly, uniquely depends on FI adoption and usage, but there are many misinformed investors equating XRP's success with Ripple's success, and certain youtubers aren't helping the situation by saying XRP is going to be worth such and such because it's inherently tied to Ripple's success.  The SEC might step in to protect investors, IMO, especially if "promoters" of XRP that tie its value to Ripple's success keep this up and get more uninformed investors on board.

So far, this is the best answer I read. Just want to clear. If you read the case this is not SEC vs Ripple but, an Investor of XRP that think XRP is a security and sue Ripple because don't follow security regulation. Am I right?

So, the decision about XRP is security or not is not on SEC hand, but from the court. The judge may be asking comment from SEC. But, If the investor can give proof and convince the court that XRP is a security or acting like security. There are a little possibility that the investor can win.

That's the reason I want to know the worst scenario.

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So far, this is the best answer I read. Just want to clear. If you read the case this is not SEC vs Ripple but, an Investor of XRP that think XRP is a security and sue Ripple because don't follow security regulation. Am I right?
So, the decision about XRP is security or not is not on SEC hand, but from the court. The judge may be asking comment from SEC. But, If the investor can give proof and convince the court that XRP is a security or acting like security. There are a little possibility that the investor can win.
That's the reason I want to know the worst scenario.
No. This court will NOT be creating a precedent. From what I understand this is a low level court.

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Xrp is an open source global money pool that allows anyone to use its liquidity on demand to reduce the friction of value transfer.

Just because ripple have alot of xrp, it doesn’t make xrp the secuity of Ripple. 

Ripple is tremendously fortunate to have this unique position. 

 

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XRP can't possibly be a security as no one is owning shares in Ripple and should Ripple disappear XRP will still be used. Yes, there is an expectation of profit, but the SEC has said Bitcoin is not a security and I'm pretty sure everyone investing in Bitcoin is expecting a profit. 

Edited by XRPHold

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Look. XRP is clearly a banana.

:banana:

The first cross-border banana of value.

The SEC will have no issue declaring XRP as a banana. Ripple has done plenty of due diligence speaking with Banana Republic, and they've brought plenty of banana cartels on to their board of directors. I've heard they've even hired a banana as part of their legal representation.

I don't think you have to worry any more about it being a security. XRP is clearly a banana.

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Community Standards

By karlos, September 23, 2015 in Please Read Before Posting 

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Edited by GiddyUp
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