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Is XRP a security or not? Ripple CEO Brad Garlinghouse explains the daunting debate

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Ripple XRP

The debate on whether Ripple is a security or not has been on for many months now. What’s even worse is that the Security Exchange Commission (SEC) hasn’t given its stance or a say on whether Ripple is a security or not. However, a recent talk, which involved Ripple’s chief executive officer Brad Garlinghouse and Michael Arrington – of Arrington Capital, was held at the Techcrunch’s San Francisco Disrupt Conference.

The discussion was anchored by Mike Butcher, the Editor of Techcrunch. The discussion was based on the Security Exchange Commission and a few other aspects.

During the course of the discussion, Butcher asked Garlinghouse what the fate of Ripple will be if it was declared a security. The CEO replied:

Security is something that represents ownership in a company that gives you rights to dividends, give you rights to governance, things like that. Ripple and XRP are two separate entities. When you buy XRP, that doesn’t give you any rights to the profits or ownership of Ripple the company.”

Garlinghouse said that there are lots of FinTech companies including banks that have adopted Ripple into their system and are even great investors. Additionally, Garlinghouse made it clear that there are no common grounds between Ripple and SEC; therefore, the false info concerning the debate or argument is a little bit weighty.

Garlinghouse went on to say that if Ripple doesn’t operate, XRP will keep functioning (a thing that the Ripple CEO has been saying again and again). It is important to add that the XRP token was handed over to the Ripple Company by its creator as a utility token. Garlinghouse further said this to Butcher:

So if XRP is a security, it’s a security for what?”

He also said about Coinbase; how the exchange platform affects the price of XRP and if they will ever list XRP. The CEO of Ripple said:

So does that mean XRP is the security of Coinbase or Ripple?” Garlinghouse ended by saying Ripple is not a security and that XRP is different from Ripple.

What is in for Ripple and its ‘hodlers’ if it is declared a security

Nonetheless, there have been many speculations that if Ripple becomes a security, its value will be on the downside and would repeat Garlinghouse’s statements that Ripple is different from XRP. If Ripple is declared a security by SEC, they (Ripple) won’t be that unhappy.

There are reasons behind that. First, we shouldn’t forget that last year, the WallStreet pleaded for a Ripple IPO. So if Ripple is declared a security, the WallStreet would be happy about that, due to the fact that Ripple be will feature on local exchange platforms in NewYork, Singapore, etc., and SEC will have a complete hold of Ripple.

And that will be to the advantage of Ripple because local trading platforms will want to bank on Ripple after being declared a security, and that would bring a surge to its current market capitalization. There is also a high possibility that the market capitalization of Ripple will attain a height twenty times more than it has now.

Subsequently, investors should not discard or sell their tokens, when Ripple gets declared a security because, as said earlier, Ripple will still attract more local exchanges and hence, the market cap would increase, thus, making investors to benefit as been ‘hodlers’ even though they may be charged for cashing out.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How do cross-chain transaction networks work?

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cross-chain transactions

Blockchain technology was initially thought to be an all-in-one solution, where all the transactions would take place on a single chain. However, this idea was deemed impractical with time due to certain limitations and constraints arising within the system scalability area.

If blockchains are to live up to the expectations, then the blockchain technology should allow atomic transactions over various blockchains that are interconnected. A single blockchain may even be split into multiple chains that cooperate.

The concept of cross chains is understood as the ability of two operating blockchains to exchange information with each other in order to form a network to process transactions. Cross-chain transaction networks allow multiple blockchains to pass over information to one another.

The use of blockchain platforms like Bitcoin, Ethereum, and Ripple has highlighted scalability issues over time. These limitations in the present blockchain technology have hindered its full potentials and benefits. Exactly where cross-chain technology comes in to resolve such scalability constraints faced by blockchain technology.

Cross blockchain compatibility

The cross-blockchain compatibility issue arises whenever we talk about multiple blockchains. Incompatibility is because not all of the blockchains use similar protocols. Each blockchain system communicates according to its standards.

The lack of a standardized protocol of intercommunication between the blockchain networks cripples the blockchain technology’s scalability, here comes in cross-blockchain compatibility. The concept allows blockchains to communicate without any…

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