{"id":3373,"date":"2021-05-10T20:40:16","date_gmt":"2021-05-10T19:40:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3373"},"modified":"2021-05-10T20:57:21","modified_gmt":"2021-05-10T19:57:21","slug":"xrp-is-just-one-many-crypto-tokens-are-securities","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xrp-is-just-one-many-crypto-tokens-are-securities\/","title":{"rendered":"XRP is just one, many crypto tokens are securities"},"content":{"rendered":"\n
When we think about the current legal struggle between the SEC and XRP,<\/a> both sides have learned that XRP is defense and not (according to Ripple Labs). <\/h5>\n\n\n\n

This does not appear to be a straightforward case of ‘Black\/White,' but it is apparent that the crypto-regulation needs to be implemented urgently, as SEC Commissioner Hester Peirce has constantly repeated. In a recent interview, newly named SEC Chair Gary Gensler also discussed crypto regulations.<\/p>\n\n\n\n

He spoke to the CNBC Squawk Box and said that<\/p>\n\n\n\n

\u201cI think to the extent something is security the SEC<\/a> has a lot of authority and a lot of crypto tokens \u2014 I won\u2019t call them cryptocurrencies for this moment \u2014 are indeed securities. The prior Chair indicated that. The prior SEC brought numerous enforcement actions to sort of bring some of those security or investment contract tokens into the rules, but there are some like Bitcoin.<\/strong><\/p>\n\n\n\n

This may indicate a potential understanding \u2013 not only is XRP named as a security, but also a whole series of ‘crypto tokens' which are considered securities.<\/p>\n\n\n\n

In several times, Ripple CEO, Brad Garlinghouse, pointed out SEC when it was unclear. His struggle with US regulatory guards continues. “SEC said XRP is a defense, he said in a recent interview. And now we're in a judicial debate now. So far, I have been feeling positive about it, but definitely it's stressful.”<\/p>\n\n\n\n

Gensler then addressed the Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and crypto markets, in general. he added:<\/p>\n\n\n\n

\u201cIf I can just focus on that \u2014 and that\u2019s about half of this two trillion dollar asset class right now \u2014 it\u2019s a digital scarce store of value, but highly volatile, and there are investors that want to trade that and trade that for its volatility, in some cases just for its lower correlation with other markets.\u201d<\/p><\/blockquote>\n\n\n\n

Gensler further commented on the need for investor protection. He said:<\/p>\n\n\n\n

\u201cSo if an investor wants to trade on that Bitcoin, understanding it\u2019s highly volatile, highly speculative, but if they want to trade on that, we haven\u2019t placed some investor protection, and that\u2019s what I was saying. I think there is a gap in our system right now.\u201c<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

When we think about the current legal struggle between the SEC and XRP, both sides have learned that XRP is defense and not (according to Ripple Labs). This does not appear to be a straightforward case of ‘Black\/White,’ but it is apparent that the crypto-regulation needs to be implemented urgently, as SEC Commissioner Hester Peirce […]<\/p>\n","protected":false},"author":63,"featured_media":3248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[142,146],"class_list":["post-3373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-ripple","tag-xrp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/ripple-wins-motion-against-sec-related-to-revealing-personal-finance-records-yahoo-finance-1280x720-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3373"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3248"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}