currency, the XRP, was a securities regulated by the US government.
XRP is the original token of RCL, and is the basis of multiple block chain products of the company. XRP is currently third with a market value of $24.3 billion.
Some people think that ripple distributes XRP by selling tokens. and most buyers purchase XRP for investment purposes. So XRP should comply with securities regulation as well as stocks, bonds and even most ICO tokens.
If this is true, it will have serious legal consequences for the cryptocurrency exchange of ripple and xrp.
However, Ripple sayid that such claims are baseless. Cory Johnson, chief marketing strategist of Ripple said that according to the legal history of the trial, xrp does not meet securities standards.
The debate about whether the XRP belongs to the securities class will often arise, and this time it is raised by Asiff Hirji, President of coinbase.
In a recent interview, Hirji said that every cryptocurrency that Coinbase went online was identified as having no regulatory problems. XRP is not one of the four cryptocurrencies that the company has launched.
Johnson responded, and referring to the recent ripple to provide zero Coinbase xrp loans in return for the money chance, he said Coinbase on reject its currency application did not mention the regulation.
Johnson said that Coinbase never raised the question of whether XRP is a security issue when discussing the XRP related issues. We are 100% sure that XRP is not a security, and XRP does not meet securities standards.