The lawsuit is not, however, just about XRP. Instead, it is about the broader question of whether cryptocurrencies are securities and a redefining of the question, “What is a security?” If the court decides XRP is a security, it could set a precedent for the classification of many different types of assets, not just cryptocurrencies. This could create significant uncertainty in the cryptocurrency industry and could lead to a more restrictive regulatory environment, which could potentially lead to the United States falling behind in this new technology to other countries that have embraced it.
Go to Source to See Full Article
Author: DJ Windle
Did you like this?
Tip BTC Newswire with Cryptocurrency
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some bitcoin:
Donate Bitcoin Cash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send bitcoin:
Donate Ethereum to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Ether:
Donate Litecoin to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Litecoin:
Donate Monero to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some Monero:
Donate ZCash to BTC Newswire
Scan the QR code or copy the address below into your wallet to send some ZCash:
