The Chairman of the Commission on urgent exchange trade of the USA (CFTC) Heath Tarbert said that the answer to the question whether the token XRP securities, is not obvious.
CFTC @ChairmanHeath on Phase 1 of the U. S.-China trade deal to be signed later this week: “It’s going to be an immense success.” #CheddarLive pic.twitter.com/fXdYD0CObs
— 🧀 Cheddar (@cheddar) January 13, 2020
The Department actively cooperates with the Commission on securities and exchange Commission (SEC) to determine the status of XRP. Bitcoin and Ethereum are the same, he said, you are the goods. Earlier Tarbert suggested that after the transition to PoS status Ethereum may change.
Recently the company Ripple actively criticized for the fact that its basic business model is selling XRP to retail investors. Its representatives claim that they sell the tokens to a negligible amount, although sales in the four months exceeded the last investment round of $200 million.
«@Ripple Labs is facing a Federal class-action lawsuit alleging that $XRP was sold as an unregistered security. New evidence suggests that 1) created Ripple $XRP, and 2) that the company and its agents are selling the asset in excess of need for profit.» https://t.co/mo2RquhQ4p pic.twitter.com/15056vykny
— Mike Dudas (@mdudas) January 9, 2020
Capitalization of Ripple, which continues to defend in court the innocence in the sale of unregistered securities, recently reached $10 billion.
Ripple as a Security by mikedudas on Scribd
Recall, Tarbert sure that systemic risks to the financial system pose global stabilini, not bitcoin.