Ripple CLO ends XRP securities argument
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The secondary market for this ticket doesn’t make it a security—just like trading crypto doesn’t. Not every market is a securities market.Commenting on the post, the Ripple CLO said that XRP is not a security, just as the Taylor Swift ticket is. "The secondary market for this ticket doesn’t make it a security—just like trading crypto doesn’t. Not every market is a securities market," he said.
The post has garnered enough traction on X, with many, including Coinbase CLO Paul Grewal, ironically pointing out how Taylor Swift does not promote the tickets. This directly hinges on regulators' claims that security is an asset that benefits users from the effort or promotion of others.While it is not the issuer of XRP, the digital currency plays a crucial role within the Ripple Labs ecosystem.
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