Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: XRP is just one, many crypto tokens are securities
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
  • News
    • NFT News
    • Metaverse News
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • DeFi News
    • Blockchain News
    • Web3 News
    • Press Release
    • Hacks and Scams
    • Sponsored Post
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Ethereum
    • Cryptocurrency Exchange
    • NFTs
    • DeFi
    • Web3
    • Metaverse
    • Blockchain
    • Trading
    • Crypto Guide
    • Quizzes
  • Crypto Prices
  • Contact Us
Reading: XRP is just one, many crypto tokens are securities
Newsletter
Crypto Market Highlights May 23, 2022 Crypto Market Highlights May 23, 2022
[ccpw id="20060"]
  • News
  • Stories
  • Market Analysis
  • Learn
  • Crypto Prices
  • Contact Us
Search
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • CBDC
    • Crypto Exchange News
    • Cryptocurrencies
    • DeFi News
    • Ethereum News
    • Hacks and Scams
    • Litecoin News
    • Metaverse News
    • NFT News
    • Press Release
    • Ripples News
    • Sponsored Post
    • Web3 News
  • Stories
    • Interviews
  • Market Analysis
  • Learn
    • Bitcoin
    • Blockchain
    • Crypto Guide
    • Cryptocurrency Exchange
    • DeFi
    • Ethereum
    • Metaverse
    • NFTs
    • Trading
    • Web3
    • Quizzes
  • Crypto Prices
  • Contact Us

Trending →

Metaplanet to Raise $5.4B for Bold Bitcoin Buy

By Ezinne Ukaegbu 1 week ago

Shiba Inu Price Risks 22% Drop as Burn, TVL Fall

By Ezinne Ukaegbu 2 weeks ago

Crypto ETPs Explode: $286M Inflows as Ether Dominates Market

By Ezinne Ukaegbu 2 weeks ago

Deflationary Tokenomics vs. Hype: What Really Makes Pepe Hunt Different

By Rita Umukoro 2 weeks ago

WonderChain Ignites Web3: 3 Bold Travel Trends

By Ezinne Ukaegbu 3 weeks ago
Follow US
© Coins Creed. All Rights Reserved.

Home » XRP is just one, many crypto tokens are securities

Ripples News

XRP is just one, many crypto tokens are securities

Bolaji M
Last updated: May 10, 2021 8:57 pm
By Bolaji M
Share
3 Min Read
SHARE
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 has constantly repeated. In a recent interview, newly named SEC Chair Gary Gensler also discussed crypto regulations.

He spoke to the CNBC Squawk Box and said that

“I think to the extent something is security the SEC has a lot of authority and a lot of crypto tokens — I won’t call them cryptocurrencies for this moment — 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.

This may indicate a potential understanding – not only is XRP named as a security, but also a whole series of ‘crypto tokens’ which are considered securities.

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.”

Gensler then addressed the Bitcoin  and crypto markets, in general. he added:

“If I can just focus on that — and that’s about half of this two trillion dollar asset class right now — it’s 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.”

Gensler further commented on the need for investor protection. He said:

“So if an investor wants to trade on that Bitcoin, understanding it’s highly volatile, highly speculative, but if they want to trade on that, we haven’t placed some investor protection, and that’s what I was saying. I think there is a gap in our system right now.“

TAGGED:ripplexrp
Share This Article
Facebook Twitter Copy Link

You Might Also Like ↷

Coinbase Co-Founder Backs John Deaton Against Sen. Warren

Coinbase Co-Founder Backs John Deaton Against Sen. Warren

8 months ago
SEC Claims Ripple ODL Sales Reflect Past Violations

Ripple SEC Case: Lawyer Bets On Ruling Date In Appeal Phase

11 months ago
Ripple, Hedera, Aptos Partner to Form MiCA Crypto Alliance

Ripple, Hedera, Aptos Partner to Form MiCA Crypto Alliance

9 months ago
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: WeWork and Venmo join the Bitcoin craze while prices consolidate

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: WeWork and Venmo join the Bitcoin craze while prices consolidate

April 20, 2021
Coinscreed
Stay tuned for a blend of captivating content that not only informs but also inspires you to navigate the ever-evolving landscape of technology, marketing, and market trends!
Coinscreed
FacebookLike
TwitterFollow
InstagramFollow

All Rights Reserved. Coinscreed 2024.

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist