[코인리더스] Ripple securities debate reignites, Ethereum developer “exchange needs to debit XRP”

Over the past 24 hours, the third-largest cryptocurrency Ripple (XRP) by the market capitalization (XRP) plummeted due to a lawsuit filed by the US Securities and Exchange Commission (SEC) and temporarily paid $0.41.

As of 10:20 a.m. on the 23rd (Korean time), the Ripple (XRP) price based on CoinMarket Cap is recording about $0.4266, a sharp decline of 18% from 24 hours ago. The market cap has shrunk to about $20.3 billion.

According to the cryptocurrency media, The Block, the SEC sued Ripple Inc. and the co-founders of Ripple’s CEO Brad Garlinghouse and Chris Larsen on charges of selling $1.3 billion in unregistered securities. Filed.

In response, Ryan Watkins, a researcher at Mesari, a cryptocurrency market analysis firm, predicts that “if SEC wins, multiple exchanges will stop supporting XRP transactions.” “If transactions become virtually impossible, XRP liquidity will quickly run out. The price will plummet.”

In particular, Ethereum developer Evan Van Ness tweeted, “I was surprised that many exchanges still support XRP. The agreement could include two elements. One illegally acquired asset.” The redemption of XRP is another thing, Ripple admits that XRP is a security.” He also said, “The SEC already recognizes it as a’securities’. It’s time to delist (exchanges XRP) and move on.”

I’m surprised more exchanges haven’t already delisted $Xrp.

Any settlement will likely include:

1) disgorgement of unlawfully obtained assets
2) Ripple agreeing that $Xrp is a security.

SEC has already said they consider it to be a security. Delist now and get ahead of curve!

— Evan Van Ness (@evan_van_ness) December 22, 2020

However, Ripple CEO Brad Garlinghouse said on Twitter, “The SEC has decided to attack cryptocurrencies. SEC Chairman Jay Clayton, as the last measure of his term in office, will replace the US cryptocurrency industry with Bitcoin (BTC) and Ethereum. I try to limit it to (ETH) only,” he criticized.

Today, the SEC voted to attack crypto. Chairman Jay Clayton-in his final act-is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3) https://t.co/r9bgT9Pcuu

— Brad Garlinghouse (@bgarlinghouse) December 22, 2020

In addition, he pointed out on the official website of Ripple, “Other government agencies in the US, such as the Ministry of Justice and Finance, Finsen, have already recognized XRP as a currency.”

Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings and member of Ripple’s board of directors, also tweeted, “The SEC has prosecuted Ripple for violating the Investor Protection Act. I think Ripple is in a dominant position in the lawsuit.” “We are optimistic that we will have a final victory in the game, and SBI Holdings remains a firm partner for Ripple.”