2ndtimearound Posted December 24, 2020 Share Posted December 24, 2020 1 hour ago, wogojump said: This is not a true statement. The SEC and Supreme Court do not currently have any legal precedence set yet defining this is a requirement in order for XRP to be clarified a security. So at this time, this cannot be used as a defining factor to confirm if XRP is a security. This will be for them to determine, not you. They have other factors that they will be using determine if XRP is ultimately classified as a security: https://consumer.findlaw.com/securities-law/what-is-the-howey-test.html. We will find out next year if and how much factors like XRPL transactions coming into play for final clarification on XRP being a security. The thing is, XRP is used as a payment by so many third party companies. I pay an exchange in XRP everytime I buy XRP. I pay an exchange in XRP everytime I move XRP out of their exchange. That's just two examples. Link to comment Share on other sites More sharing options...
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