Ripple CTO David Schwartz explains why XRP isn’t a security

[xrpchat482]

David Schwartz just spoke at the SXSW conference in Austin, Texas. He argued that XRP is not a security. This article explains more.

Do you think it is a security or not? Let me know in the comments below.

[dik]

Of course it isn’t anymore a security than Bitcoin is a security or the US dollar is one. Plus, who cares. This discussion is as relevant as whether a website is a newspaper or not. The only reason this has been debated for a year is because Bitcoin whales like the Winklevoss twins were hoping that the US goverment would shoot their biggest competitor in the kneecaps, and hand crypto on a silver platter to China. That’s not going to happen. The US is not going to kill their next Google.

[Mpolnet]

2 hours ago, chrysalisair said:

David Schwartz just spoke at the SXSW conference in Austin, Texas. He argued that XRP is not a security. This article explains more.

Do you think it is a security or not? Let me know in the comments below.

https://medium.com/coinmonks/a-brief-ish-history-of-xrp-6fb434a35208

Solid article outlining the history of XRP, which should help with providing perspective on why XRP is likely not a security based on recent statements from the SEC.