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What if XRP is a security

If XRP is proved as security it will have a major impact not only on itself but on the entire crypto community. If XRP is legally recognized as a security in the United States, the company will be included in its 'shareholders' and the ownership of XRP will represent ownership of the company If [XRP], in fact, is a security, we would have to get a broker-dealer license. Anybody who's buying and selling XRP in the United States would have to get a broker-dealer license. The head of the San Francisco startup has publicly discussed the possibility of the firm moving to friendlier regulatory jurisdictions, or at the least, regions in which the regulations surrounding cryptocurrencies are clearer If XRP was classified as a security than Ripple would be beholden to its shareholders, anyone that owned XRP would own a share of Ripple, the company. In this case, purchasing XRP, the digital.. Another effect that will come into play from this lawsuit is that if in fact, XRP has been a security that has been trading on the market for the past 8 years, it would further push the burdens of due diligence on exchanges, according to Hoskinson. The biggest regulatory event in the history of the industry would

Garlinghouse went on to state that if the SEC deems XRP a security, US citizens would require a broker-dealer license to trade the crypto. Moreover, this would also include the firm itself, since there are several companies that use Ripple's ODL service to source capital and initiate payments using XRP XRP, the third-largest crypto, is notably missing from the list of cryptocurrencies supported by payments giant PayPal. Garlinghouse states that PayPal did not add XRP because of a lack of regulatory clarity regarding its security status

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Analysis: Is XRP a security? What if XRP is deemed a security

In conclusion, whether XRP is declared a security or not, has no long-term adverse effect on the digital asset. If it is not declared a security, it will probably get listed on Coinbase and it will skyrocket. If it is listed as a security, Wallstreet will have a party on its behalf at the expense of the disgruntled XRP fans Even if XRP is a security in the US, Ripple will thrive. The Ripple CEO asserted that in any case, even if XRP was classified as a security under US regulations, RippleNet's customers are primarily out of the United States. He gave a ballpark figure and said that more than 90% of RippleNet clients were located in other regions of the world I know that if XRP win in the court and declare as not security it will be fantastic. But, what if they loose and the court says Ok, XRP is a security. Any idea what will happen? Is the XRP will be convert to stock? or maybe the court order XRP to cease to exist? Anybody can give best scenario possible and worse scenario? Thanks guy

Right now however, owning XRP is a potential risk, as the asset may still be viewed as an unregistered security. Ripple has been fighting the case that this digital asset is not in any form resembling a security, and should exist outside the scope of the Securities and Exchange Commission If XRP is deemed to be an unregistered security, then past sales of XRP can be viewed as violations of the Securities Act. This could result in heavy penalties for the company. Unregistered.. Evidence suggests XRP is a security. In 2018, David Schwartz, Ripple's CTO, admitted that the firm's main source of revenue is the sale of XRP and that these funds are used to increase the value of Ripple. Schwartz said: A million dollars worth of XRP will always cost a million dollars If XRP is declared a security, Ripple Labs would be ordered to pay a fine for selling unregistered securities. They would also have to give each XRP investor a share in the company. The price of XRP would most likely fall significantly right after due to panic sell-off but it would recover stronger afterwards

XRP would have been declared as a security if the SEC understood cryptos. This is a classic case of a market being manipulated by a bag-holder. — Peter Brandt (@PeterLBrandt) November 10, 202 If XRP is deemed a security (which it wont), then there will be the Ripple securities and XRP as securities for Ripple. I don't think there can be two securities for the same company. So most likely they will argue that in court and probably end up deeming XRP as not a security in the end anyway While Bitcoin has been defined as a non-security by the Securities and Exchange Commission (SEC), the regulatory status of XRP, the third-largest cryptocurrency, is still up in the air. The cryptocurrency being found as a security could, as fintech upstart Ripple put it, upend and threaten to destroy the established XRP market more broadly An important part of settling whether XRP is a currency or a security may involve something called the Howey test, which was created by a 1946 Supreme Court case. That ruling defined a security as.. XRP, a cryptocurrency tailored to work on the Ripple network, is consistently listed among the top five cryptocurrencies by market capitalization. Despite its ambitions, Ripple is currently tied up..

So, XRP's value will probably join the ride higher. Whether it is a security or a currency is at the heart of the SEC's lawsuit. Ripple's team will need to defend itself in court But alas, the SEC has cast its encircling net, and XRP lies somewhere within it awaiting agency scrutiny. How Ripple is handling that reality leaves something to be desired. In 2018, Ripple Labs started trying to co-opt the narrative around the creation of XRP and the relationship between Ripple and XRP to defuse the idea that XRP is a security In summary, regulatory clarity is already sufficient to be certain that XRP isn't a security. Further regulatory clarity in terms of cryptocurrency definitions and categories will only serve to further cement XRP's clear function as a utility token. There is NO SCENARIO where XRP itself is declared a security and Ripple is destroyed The discussion as to whether Ripple (XRP) is a security or not has been looming over the minds of all crypto-traders and investors for a few months now. The SEC has yet to give direction with respect to the remittance coin in a manner similar to how it stated Ethereum (ETH) was not a security.This statement by the SEC about ETH even prompted the early listing of Ethereum Classic (ETC) on Coinbase

If you're a digital asset investor who has been scared of joining the XRP rich list because you don't know if XRP is a security or not, you'll be happy to know that the answer to this question is coming soon. After many months of waiting, the digital asset investors in the cryptocurrency space will finally know if XRP is a security and how the XRP security status will affect the XRP. Ripple (XRP): 14 Things to Know About the Ripple Lawsuit as XRP Plunges The SEC argues XRP is a security and not a currency By William White , InvestorPlace Writer Dec 23, 2020, 11:39 am EDT. Cardano Creator Says XRP Is Not a Security, but Its Distribution May Be Problematic Cardano creator Charles Hoskinson is weighing in on the U.S. Securities and Exchange Commission's (SEC) case against Ripple and the agency's assertion that XRP is an unregistered security SEC says XRP is a security, but Ripple launches new XRP product . The announcement was made as the firm and its co-founders stand in the middle of a lawsuit with the SEC over an alleged illegal securities offering. The discussion turned to whether XRP is a security or not Ripple has maintained XRP is not a security but its latest arguments relate only indirectly to the substance of the case. The company's defense now insists that even if the coin were a.

For XRP there's no escape valve Ripple can use, and the SEC is acting as if XRP was a security since 2012. Hoskinson added: It means that all that behavior that they did would be subject to securities laws and disclosure, insider trading regulations, all these types of things. And they'll connect those dots accordingly XRP is almost a security, according to a council created by US's biggest cryptocurrency exchanges. Crypto Ratings Council (CRC) awarded XRP a four on the scale of five - the highest value indicating that an asset is a security The CEO said in a podcast that he found it very hard to look at XRP as a security and stated: I look at it as one member and Ripple's an important member of the XRP community. It's my very strong opinion that it's very hard to look at XRP as a securityYou know if XRP were deemed a security here in the United States that, you know, we have other G20 markets that have taken a. Even if XRP is a security in the US, Ripple will thrive. The Ripple CEO asserted that in any case, even if XRP was classified as a security under US regulations, RippleNet's customers are primarily out of the United States. He gave a ballpark figure and said that more than 90% of RippleNet clients were located in other regions of the world

Here's What Would Happen to Ripple if XRP Is Deemed a

Brad Garlinghouse, the CEO of the San Francisco based cross-border payment firm, Ripple, has in an interview with the Bitcoin maximalist, Anthony Pompliano, revealed what would become of the payment company if its native token XRP is declared a security by the United States Securities and Exchange Commission (SEC). In the course of the conversation [ XRP would have been declared as a security if the SEC understood cryptos. This is a classic case of a market being manipulated by a bag-holder. — Peter Brandt (@PeterLBrandt) November 10, 2020 It isnt a security in every country that has regulated it so far. Example in the UK its an exchange token just like BTC ETH etc On July 31st, the FCA published its final guidance defining which crypto asset activities it regulates. An accompanyin.. If XRP is a security so is The Dollar? Am I right in understanding that: The Treasury Department is the Factual jurisdiction legally assigned to deemed a currency vs a Security; If yes, De Facto not a Security, thus not under SEC jurisdiction. If no

If XRP is eventually classified as a security, IMO it will bring some fundamental changes to how stock is supposed to work. Before XRP, the number of shares of a company doesnt change unless the company restructures itself. After XRP, the number of shares can change without the company doing anyt.. Unstoppable Domains- Domain Name: New Asset Class-Dot Crypto Insurance.com Sold For $35.6 Million The New Dot Com Era Is Here!! What Major Domain Will You.

— xNEO (@XRP_Anderson) February 25, 2019. Right now however, owning XRP is a potential risk, as the asset may still be viewed as an unregistered security. Ripple has been fighting the case that this digital asset is not in any form resembling a security, and should exist outside the scope of the Securities and Exchange Commission It's my very strong opinion that it's very hard to look at XRP as a security. You know if XRP were deemed a security here in the United States that, you know, we have other G20 markets that have taken a different view. I'm not aware of any market globally that thinks that XRP is a security

XRP fans are divided into two groups: some of them are selling the crypto at a loss, and others believe that this lawsuit can kill Ripple. On Reddit, users are convinced to hold XRP no matter what. Let's go into some XRP price predictions to estimate the future of XRP. XRP Price Prediction 2021. At the end of 2020, the XRP price spiked up to. But if we let the SEC declare XRP a security, then we risk the chance to live in an environment of constant regulatory uncertainty where any asset can be declared a security out of the blue. Many within the community might dislike XRP and its fans, but it is finally time to stand ground and voice our dissatisfaction in unison against those in power , just like we did multiple times in the past The XRP blockchain before the establishment of Ripple. The company used the XRP blockchain to develop solutions for the financial services industry. Thus, buying XRP does not equate to owning shares in Ripple. Most of the people who perceive XRP as a security do so because of its high centralization. A majority of XRP tokens are owned by Ripple xrp investors are relying on ripple the company? really? is he correct about that because i as an investor do not rely on ripple, i wish ripple did not have so much ownership. i believe xrp itself is not a security but maybe what brad and chris did is what may be deemed a security transaction

Ripple says XRP is clearly not a security, but even if it were, the ongoing lawsuit would be too late to have any legal ramifications. Details on the Current Case Alleging Ripple's XRP to be a Security Token. The drama surrounding Ripple and whether or not XRP falls under the legal classification of a regulated security continue Lawyer Stephen Palley says XRP is a security. He also says that Craig Wright is not Satoshi Nakamoto and that he thinks the Fed's money printing is good. Hindsight is not 20/20, and people can be criticized for unintentional mistakes, he said, in reference to the SEC/XRP lawsuit. promo. Free Cloud Mining Providers to Mine Bitcoin in 202

According to Dudas, if Ripple Labs has created and has been controlling the XRP supply, this raises the question of whether it could be considered as unregistered security by the SEC. It makes the case worse than Ripple Labs trademarked XRP in 2013 and that the company's headquarters are in the United States (San Francisco), which is under the SEC's jurisdiction For years, investors have battled Ripple Labs over the case of XRP's legal classification. The ongoing situation has even entered courtrooms in the United States. While Ripple has maintained a firm stance claiming XRP is not a security, new research suggests otherwise — with the words of an SEC official as leverage. Is XRP a [ Is XRP a security? Although it hasn't been officially recognised as a security, many experts believe it is - based on the way the token is governed, marketed and sold. The goal of the Ripple network, or RippleNet, is to connect banks and payment providers, allowing one frictionless experience for sending and receiving money globally XRP has been listed under unregulated tokens, along with Bitcoin and Ethereum, implying it is not a security. Share this article The U.K. Treasury, also known as Her Majesty's Treasury, has listed XRP as a non-security asset in a newly published document Updates on XRP's Status as a Security. Given the significance of the question, Ripple's chances of being a security has engendered a lot of headlines, and much has happened since the debate as to whether XRP is a security started in early 2018

In a new video posted online, it shows the SEC chair talking about how XRP is an unregistered security and how Ripple has been illegally selling this XRP for their personal benefit. In today's video we will take a look at what will be outcomes for XRP once Gary Gensler is the SEC chairperson It never ceases to amaze me how far the XRP-is-a-security FUD campaign is willing to go, insofar as to slap a bunch of assholes in a room (crypto rating council) that have zero influence on the SEC, yet feel entitled/qualified to suggest that there's a gray scale (1-5) for whether something is a security or not XRP prices have been surging recently after a series of legal victories on Ripple's end against the SEC. Japan's FSA has already made it clear that XRP is not a security Arguing that XRP is not a security would be too risky of a strategy, Rettig said. Trying to make this point in court would require a fact-intensive analysis at the least Overview: Generally, the regulation of XRP or cryptocurrencies is in itself a complex task. It covers many schools of thought. Hence, deciding whether XRP should be categorized as security involves analyzing the fundamentals of XRP, the securities laws, the XRP ledger, if XRP can be deemed a security, and the repercussions of accepting it as a security

Is Ripple's XRP token a security and what happens if the

  1. But despite the SEC calling XRP a security, Hoskinson is unconvinced. He said in the AMA: I don't think XRP is a security, and I think in its current form, its current use, and the level of decentralization the ecosystem has, that's certainly true. However, the Cardano founder added, Was Ripple a security at some point during its life
  2. Whether or not XRP is a security is not going to be dictated by one lawsuit. Obviously, the SEC of the United States is the governor of that, and I think it's very clear that XRP is not a security. It exists independently of Ripple the company. If Ripple the company shut down tomorrow, the XRP ecosystem would continue to exist
  3. I think it is very clear that XRP is not a security. It exists independently of Ripple the company. If Ripple, the company shut down tomorrow, XRP will continue to exist. This sentiment has also been echoed by Ripple's chief market strategist Cory Johnson. Mr. Johnson responded to questions if XRP should be regulated as a security by saying
  4. Peter Brandt, a professional commodities trader, has taken to Twitter on November 11, 2020 to declare that XRP is absolutely a security, and the U.S. Securities and Exchange Commission (SEC) would have since classified it as one if the regulators completely understood the workings of cryptos. XRP's Securities Argument Continues

What are the repercussions of claiming XRP is a security

This cause the price of XRP to rise. A few days later, Ripple published this statement: The price of #XRP continues to surge showing that people are looking for #bitcoin alternatives. Thus, the argument is made that Ripple is actually selling a security, and as such should be registered with the Securities and Exchange Commission. Lost $55 If XRP were to be deemed a security, FinCEN will have to explain why it allowed the distribution of an unregistered security. Ripple and FinCEN entered into an agreement in 2015. The Howey Test on XRP. The SEC seems to by apply the Howey test as one of the criteria to judge an asset as a security or not. The Howey test deems XRP to not be a.

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Paragraph 45 of the grievance recommends that XRP is a currency, virtual currency or product, or energy token, and, for that reason, not a security. In assistance of this conclusion, Deaton argues that XRP has a variety of usages that basically prevent it from being categorized as a security In early April 2021, CEO Brad Garlinghouse told CNN the firm is ready to march on without the XRP if it loses the legal battle against the US regulator, which claims XRP is a security and the firm illegally sold the cryptocurrency to investors. We could do that Chris Giancarlo, aka Crypto Dad, has applied a similar methodology he used to help declare bitcoin and ethereum weren't securities to reach the same decision for XRP. The only problem, he's no. Ripple has maintained XRP is not a security but its latest arguments relate only indirectly to the substance of the case. The company's defense now insists that even if the coin were a.

It claims XRP is an unregistered security (an investment contract) and that Ripple's selling it to the public violated investor protection laws. The securities regulator confirmed on Tuesday it has filed the complaint in federal district court in Manhattan, and seeks injunctive relief, disgorgement and prejudgment interest, and civil penalties If XRP is indeed classified as a security, Ripple would have to pay a hefty fine for the offense committed —just as what happened with the KIN case. Likewise, the token would probably be delisted from many major exchanges that would not be authorized to accept it, Ripple would be subject to stricter control, and it's interesting to see what would happen to the price of XRP Is XRP a security? In the traditional investment world, investors suing for price drops is not unheard of, and given that XRP has suffered 70 percent losses since early January, such a stock. CEO of Ripple, Brad Garlinghouse spoke about crypto regulation today and shared his views about what it would mean to Ripple if US regulators were to declare XRP as a security. Garlinghouse went on to state that if the SEC deems XRP a security, US citizens would require a broker-dealer license to trade the crypto The debate on XRP as security continued but the altcoin continued to function as a commodity. But at the dawn of 2020, dark clouds began to form and a bolt of lightning struck Ripple's XRP. In December 2020, Ripple was slapped by a lawsuit by the US SEC alleging that XRP is a security subject to the registration requirements of the federal securities laws

Another well-placed reader in Washington, D.C., asks about our view of the legal battle between Ripple Labs Inc. and the Securities and Exchange Commission over whether the token XRP is a security. XRP is the world's fourth-largest crypto token today, with a roughly $70 billion market value, but is ultimately controlled by a single issuer, namely Ripple Alex DovbnyaHere\'s what is going to happen to Ripple if XRP is declared a security by the SEC, according to CEO Brad GarlinghouseContentsToo much focus on \'Chinese\' BitcoinThe PayPal snubOn a recent podcast with Anthony Pompliano of Morgan Creek Digital, Ripple CEO Brad Garlinghouse spoke about a dystopian scenario in which XRP is declared a security by the SEC, which many believe would be. Ripple reiterates that XRP is not a security. The crypto company files a Freedom of Information Act to know why the authorities do not classify Ethereum as a security. Ripple has filed a 93 pages response to the allegations of the United States Securities and Exchange Commision (SEC) claims that its native token, XRP, is a security and not a cryptocurrency XRP token seems to have again come under scrutiny as popular crypto influencer and crypto investor BitLord went after the cryptocurrency token in a tweet describing it as a security. That's an.

What would happen if XRP was declared as a security? Here

Ripple CEO Explains What Would Happen to Company If XRP

Read Also: Even If XRP Is Declared a Security, Ripple Would Still Succeed -Brad Garlinghouse In a series of AMA videos, Hoskinson, explained how digital assets transform into various forms from one period to the other, which make them difficult to categorize by regulators. Hoskinson noted: The problem with cryptocurrencies is they do everything and nothing XRP price history. Given the fact there are so many XRP coins out there (100 billion - Bitcoin's maximum supply is 21 million) it is understandable that this cryptocurrency's valuation normally comes in cents rather than dollars. Like other digital assets, XRP hit an all-time high in early 2018 - reaching $3.84 on January 4 of that year

Here Is The Upside Of Ripple (XRP) Being Declared A Securit

  1. The dialogue turned to whether XRP is a security or not. XRP is the digital asset native to XRPL, with the latter being an open-source, distributed ledger. FinanceFeeds covered two bombshells dropped by the Judge consenting on XRP's forex and utility worth
  2. SEC says XRP is a security, Ripple proposes new uses for XRP Ledger May 28, 2021 CryptoHunter Ripple 0 The announcement was made as the firm and its co-founders stand in the middle of a lawsuit with the SEC over an alleged illegal securities offering
  3. Now that there's enough evidence to suggest that XRP meets all four requirements of the Howey Test, one should back up and address Mr. Garlingouse's interview — especially the sections where he states that XRP doesn't give purchasers ownership of Ripple equity and that XRP has a clear utility which makes it clear it's not a security
  4. Why XRP is Not a Security In the past, Bradley Kent Garlinghouse, the current CEO of Ripple Labs has come out many times to justify why XRP should not and is not a security. He has been very vocal about his reasoning, having said the same over and over again in many different forums

What Would Happen if Ripple's XRP Token Was Classified as

Paragraph 45 of the complaint suggests that XRP is a currency, virtual currency or commodity, or utility token, and, therefore, not a security. In support of this conclusion, Deaton argues that XRP has a number of uses that essentially preclude it from being classified as a security As the Ripple XRP assets surged from $0.1 to $1 within a year, more and more people bought the controversial XRP tokens. However, one of the mistakes crypto beginners make is to leave their XRP assets at an exchange. An exchange can get hacked and you lose your money. The best storage for your crypto assets is an XRP wallet 4, not an exchange One of the major stumbling blocks that XRP seems to have had is the regulatory uncertainty surrounding it's official classification. Whereas the SEC have already clarified that Bitcoin and Ethereum are not security tokens, they have yet to show the same level of clarity for XRP In support of this conclusion, Deaton argues that XRP has a number of uses that essentially preclude it from being classified as a security. The memorandum in support of the petition suggests that XRP has a range of legitimate functions, such as increasing the speed of international payments, acting as an alternative payment or a currency substitute, and serving as a medium for foreign exchanges Howey: XRP is not a security The argument over whether XRP—and almost every token issued via ICO or its variants—is a security boils down to one four-part question, called the Howey test. Based on a Supreme Court decision, Howey is the benchmark the Securities and Exchange Commission (SEC) uses to determine if something offered for sale is a security that falls under its jurisdiction

What if XRP is security? - General Discussion - Xrp Cha

It ' s a question that gets the dander up of every loyal foot soldier in the XRP Army: What is the real story behind the origin of XRP and Ripple, and what does that have to do with whether XRP should be regulated as a security?. Ripple CTO David Schwartz wouldn ' t make it out of Austin, Texas, without fielding this one at least once.. XRP purchasers back Ripple, arguing that it is not a security March 21, 2021 admin On Dec. 22, 2020, the United States Securities and Exchange Commission filed a complaint against Ripple Labs XRP is a security False Highly unlikely. There's no ruling yet, but right now, XRP is not and it probably will not be in the future. There is, however, no definitive ruling yet. In the US, a security includes an investment contract. An investment contract has been defined by the Supreme Court as SEC says XRP is a security, Ripple proposes new uses for XRP Ledger . The announcement was made as the firm and its co-founders stand in the middle of a lawsuit with the SEC over an alleged illegal securities offering. The discussion turned to whether XRP is a security or not @Ian_Fisch @attorneyjeremy1 What your retarded brain doesn't understand that if XRP is deemed a security good luck with any other crypto in the USA, so even the XRP haters must support it for future in the crypto USA space otherwise it's 'whos next in the court system against the SEC

What Could XRP Price Be if Courts Decide it's a Commodity

Should Ripple's XRP Be Classified as a Security? by

Binance Exchange Review | Fees, Security, Pros and Cons in

New evidence suggests that XRP could be deemed a security

  1. Also XRP's utility is irrelevant to the relentless liquidations personally by Brad and Chris onto retail investors while lying -- THAT is the point. Stop talking about technology and FOLLOW THE MONEY. Anyway, the lawsuit doesn't need to play out, there are no dissenting U.S. government agencies that say that XRP is not a security
  2. To be sure, Garlinghouse's arguments have to come with a heavy grain of salt. He's making the case for XRP not being a security because Ripple doesn't want the SEC interfering with XRP
  3. However, XRP (the flagship token of the San Francisco-based firm Ripple) is still a topic of discussion. Not just for the United States regulators but even in the community of both XRP and the general crypto community. No one really knows whether this is a commodity or security, it could even be neither
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Is XRP A Security? What Will Happen To The XRP Price

More Reasons Why XRP is Not A Security . According to Garlinghouse, XRP holders have no ownership rights in Ripple, especially it is a privately owned firm. In short, XRP do not equate to any of the company's tokenized equity shares

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