The securities problem may be solved. U.S. regulators joined the Global Financial Innovation Network,

[jabit 193]

Four U.S. regulators joined the Global Financial Innovation Network（GFIN）, an international alliance of government regulators led by the UK’s Financial Conduct Authority（FCA) seeking to bolster the future of fintech.

https://cointelegraph.com/news/us-financial-watchdogs-join-uks-global-financial-innovation-network

https://www.coindesk.com/us-regulators-join-global-fintech-development-alliance

 

GFIN was founded by FCA.

It looks like U.S. regulators seem to be trying to match the UK ’s Financial Conduct Authority (FCA) final guidance.

 

※ UK’s Financial Conduct Authority（FCA) published its final guidance defining which crypto asset activities it regulates. An accompanying press release from the FCA lists XRP alongside Bitcoin and Ethereum as digital assets that the agency has declared are exchange tokens, which fall outside of the authority’s “regulatory perimeter.”

https://dailyhodl.com/2019/09/29/ripple-touts-uks-classification-of-xrp-as-exchange-token-and-not-a-security-calls-for-increased-crypto-clarity/

Edited October 27 by jabit

[jargoman 344]

Good find. From one bear to another. 

[Moonraker 759]

We're definitely in a bear market 

[Guest]

this was already posted elsewhere and discussed

[swift_post 10]

Hope this is right. The Uk has always been keen on financial innovation and with Brexit coming up they'll want to protect their reputation in that sector. Mark Carney and the BoE seem supportive of crypto.

Edited October 27 by swift_post

[Julian_Williams 7,296]

This is good news for the XRP ecosystem.  Regulations has to be globally integrated and it was inevitable that the big Financial centres would eventually work together. 

Edited October 27 by Julian_Williams