The argument over whether or not XRP is a safety stays a well-liked debate within the cryptocurrency business. Now, one skilled is saying that XRP isn’t even a “actual cryptocurrency.” In the meantime, the SEC has but to problem any official phrase of whether or not or not it considers XRP to be a safety.
Main Gamers Shying Away from XRP
Coinbase just lately introduced that it was contemplating including 5 extra tokens to its catalog of supported cryptocurrencies. Stellar Lumens is likely one of the potential tokens that the San Francisco-based cryptocurrency alternate platform is trying so as to add. Many market observers are conscious of the rivalry between Ripple and Stellar.
Lower than a fortnight in the past, Steven Cohen introduced that he can be investing in a cryptocurrency-based hedge fund – Autonomous Companions. The Ariana Simpson-led hedge fund doesn’t put money into XRP tokens. Commenting on the matter, Simpson stated:
I’ve lots of issues concerning the degree of centralization there, and I’ve regulatory issues if what they’ve issued is a safety.
For all the progress made by Ripple so far, the controversy surrounding the XRP tokens is undoubtedly a sore spot for the corporate. It’s even the topic of a number of lawsuits with buyers accusing Ripple of promoting unregulated securities within the type of XRP tokens.
XRP – Not a Actual Cryptocurrency?
Talking to Specific.co.uk, Anatoly Castella, the CEO of Elpis Investments boldly said that XRP will not be an actual cryptocurrency. In keeping with Castella, the token doesn’t conform to the “purest interpretation of cryptocurrency.” The Elpis Investments chief additionally went on to say:
Ripple resembles a fintech platform combining one of the best components of fiat cash and blockchain cryptocurrency. It’s ‘Digital Fiat,’ not a cryptocurrency.