CEO Ripple Garlinghouse brad (Brad Garlinghouse) made another attempt to convince everyone that the project token XRP has now no relation to the company, actively promoting blockchain solutions for financial market.
“We’ll be honest: Ripple XRP is different from” — he said during the conference, the Future of Fintech, organized by the research company CB Insights.
Arlinghaus brought arguments in favor of why the token XRP can not be considered a security, although it is associated with the company from San Francisco.
“XRP is not a security for three reasons: if the company closes tomorrow Ripple, the XRP registry will continue to operate; it is open source, decentralized technology; if You buy XRP, you don’t buy stock Ripple — the purchase of a token does not give you ownership in the company”, — explained the head of the Ripple.
We will remind that in April the former head of the Commission on urgent exchange trade of the USA (CFTC) Gary Gensler (Gary Gensler) stated that Ethereum (ETH) and Ripple (XRP) could constitute unregistered securities. The Commission on securities and exchange Commission (SEC) from comments have refrained, and the company Ripple group of investors filed a lawsuit for violation of the securities act. Then followed by a second class-action lawsuit, and again the reason given was that the tokens XRP are unregistered securities.
If bitcoin and Ethereum guide SEC this month said they are not securities, the Ripple regulator continues to remain silent.
Brad Garlinghouse questioned the classification of bitcoin SEC, Recalling his recent remarks on the control of the three major Chinese mining companies over the first cryptocurrency:
“I own bitcoins and optimistic in their attitude, but we must recognize that when we talk about something centralized and decentralized control is a key element”.