Ripple update: Sec chairman on cryptocurrencies
Can someone rephrase this for me??? Based on what he’s saying, 99.99 % of crypto will fall under securities since they all somehow raise money 🙁 to advance their program/research/project and allow the coin to be sold on the secondary market! But since ripple and xrp are separate , I guess we’re safe??
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.
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