Ripple XRP cannot relate to securities, and various experts have repeatedly emphasized this. Doubts about the essence of Ripple XRP have been taking place for more than a month, which has turned into a big trial. However, the plaintiff’s allegations are currently without evidence. Many organizations do not believe in such doubts and add Ripple XRP to their platforms and projects. Now the head of Ripple Brad Garlinghouse has once again emphasized that XRP can not relate to securities, citing three reasons.
Ripple XRP Cannot Be Related to Securities: Details
Ripple XRP cannot relate to securities, and Ripple CEO Brad Garlinghouse has pointed out three reasons for this. Ripple CEO delivered his speech on XRP during a speech on CNBC. According to him, Ripple is honest with consumers in everything, and, in essence, there is nothing to answer for it in the courts. The first reason is that Ripple XRP is company independent. As the Ripple CEO emphasized, the moment is pretty obvious.
XRP owners are independent of Ripple or any other party. If something happens unexpectedly with Ripple, then the XRP ecosystem will continue to exist. Ripple XRP is an independent, open source technology. The second reason is that owning an XRP is not equivalent to owning shares in Ripple. That is, XRP tokens cannot be considered Ripple tokenized stocks.
There is also a third reason for the Ripple XRP. Ripple has repeatedly stated explicitly that XRP is not just an investment tool. Rather, it is a digital asset that institutions can buy to make international money transfers. This characteristic does not meet the definition for securities. Therefore, Ripple XRP cannot be classified as a security. These and other arguments will be discussed now in the continuation of litigation. A new Ripple XRP hearing will take place on January 15th. It was also previously known that Luckbox will accept deposits in Ripple XRP, taking into account the requests and needs of its customers and wanting to keep up to date.