Ripple update: Are institutional investors limited in buying XRP before official regulation, -even for their personal investments?
I’ve been hearing certain arguments that XRP should technically be classified as a financial security, and by being classified as such it would allow institutional investors to begin trading xrp.
Brad is coming out strong that it is not, but arguing instead it is as a ‘digital asset’.
I just don’t understand why we are not seeing a price rise from people buying in who are supposedly working behind the scenes to lay the ground work for Ripple and Xrp, such as all the people who work for companies, banks, and possibly the Federal Reserve. Would this be considered insider trading? ‘Strong form market efficiency theory’ would have all these people and their relatives buying if they believed in the work they are doing. It just appears that price fluctuations are still correlated with BTC.
Any thoughts on this?
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: aalbarez
Score: 11
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