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SEC Enforcement Sources: XRP is considered a security
BREAKING (1/2): @SEC_Enforcement sources tell @FoxBusiness the logic of the agency's case v @Ripple is that the company's infrastructure is STILL being built out so XRP -- the token which was used to finance the thing -- is considered a security. @ethereum infrastructure is
— Charles Gasparino (@CGasparino) September 15, 2021
Added at 12:26pm
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(2/2) totally built-out and has been for years thus it's clearly a commodity. @HesterPeirce argues that all may be the case, but as @SECGov splits hairs, crypto innovation is being stifled so what's needed is a "Safe Harbor" that pulls back all this enforcement action. Developing
— Charles Gasparino (@CGasparino) September 15, 2021
Low Impact
Breaking