As a researcher with experience in the crypto industry, I find Brad Garlinghouse’s recent comments regarding the classification of XRP and Ethereum as securities intriguing. His perspective aligns with Ripple’s long-held argument and adds weight to the ongoing debate in the crypto community.
Brad Garlinghouse, the CEO of Ripple, provided clarity on the ongoing debate concerning the categorization of digital assets, specifically addressing XRP and Ethereum (ETH), during a recent interview with Eleanor Terrett from Fox Business.
During a cozy chat at the XRP Las Vegas conference, the CEO of Ripple shared his insights with Michael Arrington, the founder of Arrington Capital.
The CEO of Ripple holds the view that neither XRP nor Ethereum fall under the category of securities, a perspective shared by Ripple and various cryptocurrency advocates.
The ongoing legal dispute between the SEC and Ripple has brought the company into the limelight, making the views of its CEO even more significant and worth paying attention to.
At a pivotal moment when regulatory authorities are closely examining the cryptocurrency sector, the CEO of Ripple makes his comments. Notably, debates have emerged in the crypto community about the potential classification of Ethereum, Binance Coin, Solana, XRP, and Cardano as unregistered securities by the SEC, according to recent reports concerning Michael Saylor’s speculations.
For decades, there has been intense disagreement among cryptocurrency enthusiasts regarding the classification of digital assets like XRP and Ethereum (ETH) as securities.
In July 2023, a judge in the Ripple lawsuit determined that XRP as a digital asset does not equate to a security under the law. Nevertheless, some institutional transactions involving XRP were identified as unregistered securities sales.
As a researcher studying the crypto industry, I’ve come across an intriguing development in the ongoing debate surrounding cryptocurrency security. Consensys, a leading software company within the Ethereum ecosystem, recently filed a lawsuit against the Securities and Exchange Commission (SEC). The lawsuit sheds light on the SEC’s belief that Ethereum qualifies as an unregistered security, a stance they have reportedly held for the past year. Consensys is seeking a judicial declaration to establish Ethereum as a non-security, aiming to protect against any potential future claims from the SEC.
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2024-05-04 20:53