Popular Post RambeauTeasebox 129 Posted June 17, 2020 Popular Post Share Posted June 17, 2020 (edited) Quote Cryptocurrencies and US securities laws: beyond bitcoin and ether Former CFTC chairman Chris Giancarlo and Conrad Bahlke of Willkie Farr & Gallagher discuss Ripple and the application of US securities laws to XRP https://www.iflr.com/article/b1m2pm9g4n65mk/cryptocurrencies-and-us-securities-laws-beyond-bitcoin-and-ether Quote Ultimately, under a fair application of the Howey test and the SEC’s presently expanding analysis, XRP should not be regulated as a security, but instead considered a currency or a medium of exchange, consistent with interpretations offered by other federal regulators. As the SEC Chairman noted, certain cryptocurrencies are “replacements for sovereign currencies, replace the dollar, the euro, the yen with bitcoin. That type of currency is not a security”. This is no less true for XRP as it is for bitcoin or ether, which the SEC has explicitly stated fall outside the definition of a security. The increased adoption of XRP as a medium of exchange and a form of payment in recent years, both by consumers and in the business-to-business setting, further underscores the utility of XRP as a bona fide fiat substitute. Edited June 17, 2020 by MeGodzillo topic title Cesar1810, Spartaksus, StellaBlueZerps and 9 others 10 2 Link to post Share on other sites
Dario_o 1,746 Posted June 17, 2020 Share Posted June 17, 2020 https://www.forbes.com/sites/michaeldelcastillo/2020/06/17/xrp-isnt-a-security-declares-former-cftc-chairman/ https://www.iflr.com/article/b1m2pm9g4n65mk/cryptocurrencies-and-us-securities-laws-beyond-bitcoin-and-ether Live4xrp, RipplePiercing, StellaBlueZerps and 6 others 6 3 Link to post Share on other sites
LeonidasH 2,159 Posted June 17, 2020 Share Posted June 17, 2020 https://www.xrparcade.com/news/former-cftc-chairman-xrp-is-not-a-security/ Cesar1810 and Dario_o 1 1 Link to post Share on other sites
Jotaro 300 Posted June 18, 2020 Share Posted June 18, 2020 Once upon a time, the legend says if xrp is not a security, it will skyrocket, what now? Link to post Share on other sites
Dogowner5 2,585 Posted June 18, 2020 Share Posted June 18, 2020 23 minutes ago, Jotaro said: Once upon a time, the legend says if xrp is not a security, it will skyrocket, what now? If it truly was declared not a security by someone currently in the government then yeah it might react. But an ex-govt employee who is paid by Ripple (that’s what people are saying I don’t know if it’s true or not) is not going to trigger anything. Link to post Share on other sites
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