{"id":397554,"date":"2019-09-30T14:00:13","date_gmt":"2019-09-30T14:00:13","guid":{"rendered":"https:\/\/wncen.com\/?p=397554"},"modified":"2019-09-30T13:17:13","modified_gmt":"2019-09-30T13:17:13","slug":"xrp-is-a-security-according-to-us-cryptocurrency-exchanges","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-is-a-security-according-to-us-cryptocurrency-exchanges\/","title":{"rendered":"XRP is a Security, According to US Cryptocurrency Exchanges"},"content":{"rendered":"
XRP is almost a security, according to a council created by US’s biggest cryptocurrency exchanges.<\/p>\n
Crypto Ratings Council (CRC) awarded XRP a four on the scale of five \u2013 the highest value indicating that an asset\u00a0is a security. It noted that Ripple, a San Francisco-based blockchain remittance company, sold XRP tokens or token interests before the existence of its utility. Moreover, Ripple marketed XRP, a move which suggested that the firm showcased the asset for its long-term investment opportunities.<\/p>\n
Ripple, summarized CRC, used a securities-like language when it came to promoting XRP. Nevertheless, the asset’s development and usage remained decentralized. The council reminded:<\/p>\n
“The score does not reflect a legal conclusion and is no indication of the qualitative value of an asset or suitability for investment or any other purpose.”<\/p><\/blockquote>\n