Ripple Labs claims Hinman’s remarks at the time mean XRP should not be considered a security – which could result in a favorable outcome for the payment firm in its ongoing case with the SEC. By shauryamalwa.
“We do not need to see a need to regulate Ether, as it is currently offered, as a security,” one of the Hinman emails read.
Ripple Labs claims Hinman’s remarks at the time mean XRP should not be considered a security – which could result in a favorable outcome for the payments firm. In 2020, the SEC sued Ripple on allegations that the firm sold unregistered securities. Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network. But any progress in the case has an impact on XRP prices.
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