Finance News
By Maheen Hernandez
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Ripple and Regulatory Clarity
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Ripple (XRP) are promoting themselves as being an environment friendly and sustainable Fintech solution.
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Payment methods that are in use are paper money, cryptocurrencies and credit cards. Each of these methods have sustainability implications.
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Ripple has a Content Library, which provides content for all things Ripple. The Library talks about their customers, resources, payments network and more about their…
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While Ripple have been consistently insisting on regulatory clarity, it just looks like the SEC are stepping in to the Ripple waters first.
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Stuart Alderoty, General Counsel at Ripple stated, while we would have preferred to achieve regulatory clarity through thoughtful rulemaking or legislation, it’s now up to the…
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He also tweeted: “Reminder: The SEC complaint only "alleges." Nothing has been determined. That's what Courts are for. That's it. That's the tweet.”
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The community discussion points to how security tokens should be registered with the SEC. XRP is not, therefore it does not qualify as a security token.
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Some users are worried if this will be a fairly quick resolution to this or will this be a long and drawn out process?
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The community prefer that Ripple work this out with the new acting head of SEC to get this thing resolved.
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These allegations will be resolved, but the FUD has done its job. Some community members feel that if anything, this is actually good for Ripple.
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