Ripple is trading at 443 won, down 11% from the previous day at 1:41 pm on the 23rd after the SEC prosecution. The out-of-court debate over Ripple is expected to continue for the time being.
◆ Ripple CEO “Ripple, not securities… SEC Wrong”, Mesari, etc. supported
“The SEC’s prosecution is undermining innovation in the United States,” said Garlinghouse’s representative. On the 22nd (local time), Garling House left a long article on Ripple’s official website with the title’SEC Attacks the US Cryptocurrency Industry’. He said, “SEC’s claims are both legally wrong, even in fact,” he said. “XRP is the third-largest cryptocurrency after Bitcoin and Ethereum, and is traded at billions of dollars every day. Ripple is a currency, not an investment contract like Bitcoin or Ethereum.”
“In the case of Ripple, it is different from ICO, and the Howey test standard (which determines whether it is securities) cannot be applied. Other government agencies, including the US Department of Justice, the Treasury, and the Financial Crimes Enforcement Network, have already recognized XRP as a currency.” “Ripple holders do not share profits or receive dividends. There are no other rights such as voting rights.” “Ripple has shareholders. If you want to invest in a company, you can buy Ripple shares, not XRP. Unlike securities, the market value of XRP has no correlation with Ripple’s activity.”
Ryan Selkiss, CEO of Mesari, a cryptocurrency analysis company, said, rippleBefore the lawsuit rippleI support it. “This opportunity allows the SEC to prove that the sub-test to determine whether a certain asset is securities or not is seriously lagging behind the digital asset era.”rippleThe victory of is very important to the cryptocurrency industry. It is setting a new precedent, and US cryptocurrency regulation can move forward.”
“The U.S. government shouldn’t defeat local businesses that generate tax revenue. rippleWhen this is stabilized, we will be able to actively secure marketability.”
On the 22nd, Kitao Yoshitaka, CEO of Japanese financial conglomerate SBI Holdings and a member of Ripple’s board of directors, also said, “SEC is accused of violating the Investor Protection Act. rippleProsecuted death. In that case rippleI think I am in this dominant position.”
“The Japanese financial authority, the Financial Services Administration (FSA), has already made it clear that XRP is not a securities. rippleWe are optimistic that we will finally win this case and look forward to expanding the market together in Asia. Garlinghaus retweeted his tweet.
◆ Vitalik “Ripple keeps getting weird”, Ethereum developer “Exchange should stop trading Ripple”
Ethereum founder Vitalik Buterin said on his Twitter on the 21st (local time), “It seems that the Ripple/XRP team is sinking to a new level of strangeness. They argue that shitcoin should not be viewed as securities for *public policy reasons*. “It’s because Bitcoin and Ethereum are dominated by China.”
Ethereum founder Vitalik Buterin said on his Twitter on the 21st (local time), “It seems that the Ripple/XRP team is sinking to a new level of strangeness. They argue that shitcoin should not be viewed as securities for *public policy reasons*. “It’s because Bitcoin and Ethereum are dominated by China.”
Blockstream CSO Sampson Mow retweeted Garlinghouse’s tweet for criticizing the Ripple prosecution, saying, “rippleCriticized that there is no’crypto’ or innovation in XRP coin.
Jeri B., executive director of Coin Center, a non-profit organization that studies cryptocurrency, also said, “We can’t make any objection to XRP being a securities.” It gave a hand to the SEC’s claim. On the 22nd, he shared a link to the report stating that’Bitcoin and Ethereum are not securities’ on his Twitter account on the 22nd, and said, “We can’t find any data that states that XRP is not a security.”