SEC Statement on Crypto - 11.16.18

[DannyRipple]

21 minutes ago, Mcripple said:

For what

The beginning

[Guest]

47 minutes ago, DannyRipple said:

The beginning

I’m primed for it.

[Mcripple]

2 hours ago, DannyRipple said:

The beginning

The beginning of what 

[Seoulite]

1 hour ago, Mcripple said:

The beginning of what 

The beginning of the end 

[DannyRipple]

 

1 hour ago, Mcripple said:

The beginning of what 

Sit back and enjoy

[Mcripple]

11 hours ago, DannyRipple said:

 

Sit back and enjoy

HODL?

[ICookinBrine]

A bit of a non-answer update on the status of XRP today per Consensus Invest:

Quote

 

The SEC chairman – who clarified at the outset that he was speaking in a personal capacity, and not on the part of his agency – also honed in on the question of whether the sale of tokens during initial coin offerings (ICOs) constitute securities offerings.

“If you finance a venture with a token offering, you should start with the assumption that it is a security,” he remarked.

Still, Clayton conceded that in some instances, the status of a particular token isn’t as clear-cut. When the topic of distributed ledger startup Ripple and the digital asset XRP was raised, Clayton said that “some of these questions require a lot of information” without going further into that specific topic.

On the other hand, “many are very obvious,” according to Clayton. “I’m selling you my token, I’m going to go off and produce a venture and, hopefully, you’ll get a return for having purchased that token.”

 

https://www.coindesk.com/clayton-sec-ico-funding-security-offering

[ICookinBrine]

18 hours ago, ICookinBrine said:

A bit of a non-answer update on the status of XRP today per Consensus Invest:

https://www.coindesk.com/clayton-sec-ico-funding-security-offering

This was an insightful take: 

Still, the notion that it is a "live controversy" in the public sphere that must be treated this way remains frustrating to many.