![]() ![]() SBI Holdings remains a steadfast partner to Ripple, and looks forward to expanding together in Asia. I’m optimistic that Ripple will prevail in the final ruling in the US. Japan’s FSA has already made it clear that XRP is not a security. SBI CEO Yoshita Kitao pledged that the company “remains a steadfast partner to Ripple.” Ripple has the full support of its Japanese partner, SBI Holdings, a Tokyo-based financial services company. would the unfortunate outlier,” wrote Ripple. “No foreign regulator has determined that XRP is a security. Ripple further says that XRP, which does not satisfy the Howey Test, was considered a currency by the DOJ and the Financial Crimes Enforcement Network (FinCEN) in 2015. They’re claiming that their shitcoin should not be called a security for *public policy reasons*, namely because Bitcoin and Ethereum are “Chinese-controlled”. Looks like the Ripple/XRP team is sinking to new levels of strangeness. These remarks did not sit well with Ethereum co-founder Vitalik Buterin who pointed out that the Ripple/XRP team could be “sinking to new levels of strangeness.” Ripple asserted that XRP is a better alternative to bitcoin and consistently ranks in the top three digital assets by market cap alongside BTC and ETH, which are controlled by China. ![]() The company argues that XRP is a currency similar to the top two leading digital assets – bitcoin and ethereum – which the regulator does not view as securities. Ripple challenges SEC’s theory that XRP is an investment contract, citing that it is “wrong on the facts, the law and equities.” The suit, which is yet to be filed, will name Garlinghouse and Ripple co-founder Chris Larsen as defendants. innovation in the crypto industry to BTC and ETH.” In a scathing attack on SEC Chairman Jay Clayton who will be stepping down at the end of the year despite his term expiring in June 2021, Ripple CEO Brad Garlinghouse said the SEC boss, “in his final act – is picking winners and trying to limit U.S. Securities and Exchanges Commission (SEC) over claims that the company violated securities laws in the sale of its digital asset called XRP. Ripple Inc., one of the leading companies in the cryptocurrency space, has vowed to defend itself against a potential lawsuit from the U.S. ![]()
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