why is ripple considered a security

Last Updated on February 3, 2024 by Paganoto

Ripple: XRP Is NOT a Security! – Yahoo Finance

XRP is not a security because, like most cryptocurrencies, it does not meet the definition of the term in question. First, on the most literal level, the category of asset it belongs to is not included in the definition. Second, there is one asset class that it may belong to (money), and that asset is not a security.Mar 4, 2022

SEC claims XRP is a security due to centralized nature

In a quick recap, the SEC filed an action against cryptocurrency giant Ripple alleging the firm sold XRP as an unregistered security. The SEC …

Cryptocurrency's Future in the U.S. Is Threatened By SEC …

Cryptocurrencies like XRP are not securities. A security is a share of ownership in a company—giving the shareholder a stake in the business and …

The SEC v. Ripple Lawsuit – Where Are We Now?

In their legal action made at the end of December, the SEC claimed that XRP is classifiable as a security because it was used to finance …

SEC vs. Ripple case could establish limit on agency's future …

Ripple believes XRP isn’t a security, thus it doesn’t need the SEC’s green light. Moreover, it says the SEC currently allows other …

Should Ripple's XRP Be Classified as a Security? – Medium

XRP is a cryptocurrency; it is the native currency of the Ripple network. Its primary application is to serve as a bridge currency between …

Ripple's court battle with SEC has gone 'exceedingly … – CNBC

If Ripple loses, most tokens trading on platforms in the U.S. would be deemed securities, Garlinghouse said, meaning those platforms would have …

Sec Vs Ripple: Case Explained – CNBC TV18

If the SEC wins the case, XRP (the native cryptocurrency of the Ripple Blockchain) will be considered a security rather than a currency in …

Ripple faced XRP 'risk' with SEC in 2012, documents show

The company said the legal analysis in newly released memos supported its position that XRP is not a security. … A 2012 memo advised Ripple that …

The SEC vs. Ripple lawsuit: Everything you need to know

The SEC claimed that XRP is a security. In general, a security is a traded financial instrument representing ownership in a corporation or similar entity but …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.