Altcoins News
By Sydney TheCMO
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Ripple, the company behind XRP cryptocurrency, has been embroiled in a long running legal saga with the US SEC (Securities and Exchange Commission).
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Ripple CEO Brad Garlinghouse expressed frustration that the US regulatory framework is relatively opaque compared to other progressive nations he heaped praise on such as Japan,…
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At the core of the legal turmoil is XRP being defined as a security by the US SEC, which considers it to be under its umbrella of regulation.
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The frustrations are rightly justified. In the UK for instance, XRP and other cryptocurrencies are regarded as ‘exchange tokens’, which are essentially crypto assets that can be…
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Garlinghouse has highlighted its legal issues in the US as an example of why there should be a clear regulatory framework in place.
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XRP continues to remain resilient above $1.6. The cryptocurrency has already appreciated over 650% this year and it can only get better if it manages to put its legal challenges…
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