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Can someone clarify why XRP is considered a security by the SEC but bitcoin and ethereum are not? Is it something intrinsic in the tech, or is it just that XRP
by shrimpx 6y ago
Can someone clarify why XRP is considered a security by the SEC but bitcoin and ethereum are not? Is it something intrinsic in the tech, or is it just that XRP is "managed" by Ripple, a company, whereas BTC/ETH are not?
- __s 6y agohttps://news.ycombinator.com/item?id=25511198 https://news.ycombinator.com/item?id=25511198 > Unlike Bitcoin, which issues new currency units through mining, XRP is issued by Ripple Nobody can "print money" with bitcoin. That isn't the case with Ripple
- ur-whale 6y agoAlso: who would the SEC sue in the case of Bitcoin?
- xalava 6y agoThis has been clarified in prior statements: The SEC does not considers Bitcoin a security, as it's "decentralised enough". Nobody is running Bitcoin alone, selling them alone... The Ethereum sale was probably a security offering, but it is now "decentralised enough" too for the same reasons.
- garmaine 6y agoETH was classified as a security, but the regulators declined to take action. It seems they feel like they have a better case for intent to deceive here.