Ripple CTO clears air on SEC ruling, while XRP community cannot wait for stablecoin launch
In a recent social media chat, Ripple CTO David Schwartz talked about ongoing concerns about how the SEC is handling digital assets, especially when it comes to enforcement.Thus, Schwartz is not convinced by the SEC's strategy, which he thinks is too broad. He also highlighted the potential consequences of such regulation, where nearly all digital assets could be categorized as securities.
Of particular relevance to the XRP community was Schwartz’s commentary regarding Ripple’s decision to pay $125 million in the SEC v. Ripple case, also known as the"XRP case."Here Schwartz clarified that as he understands the situation, the regulator had ruled that Ripple's offers of XRP to institutional investors were considered securities due to contractual terms, such as sales limits and lockup periods.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Dogecoin's Path to $0.150 Is Clear If This 36 Billion Resistance Is Broken
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