Ripple CEO Asserts: Certain Altcoins, Including XRP, Are Not Securities!

• Ripple CEO Brad Garlinghouse sheds light on the ongoing debate about the classification of crypto assets, making a definitive statement about the two leading cryptocurrencies.
• Garlinghouse asserts that XRP and ETH, which are in the SEC’s crosshairs, are not securities.
• These comments come at a critical time when regulatory bodies are scrutinizing the crypto market and various debates are taking place in the crypto space.

Ripple CEO Brad Garlinghouse asserts that XRP and ETH are not securities, sparking debate in the crypto community and challenging regulatory perspectives.

Garlinghouse: XRP and ETH are not securities

The contentious lawsuit between the US SEC and Ripple continues. The SEC alleges that XRP is a security, thus accusing Ripple of an unregistered securities issuance. Recently surfaced documents suggest that SEC Chairman Gary Gensler considers Ethereum a security following its transition to PoS. Amid these debates, Brad Garlinghouse, Ripple’s CEO, made some comments during a chat with Arrington Capital’s founder Michael Arrington at the recent XRP Las Vegas conference. According to the Ripple CEO, neither XRP nor Ethereum should be classified as securities. This statement aligns with the argument long presented by Ripple and other stakeholders in the crypto community.

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Ripple’s ongoing legal battle with the SEC puts the company under the spotlight, making the CEO’s views particularly notewort... Read the full article for FREE at COINOTAG!