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

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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.

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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.

Image courtesy of Pxhere.com

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Ripple XRP Mega Breakout: What’s Next?

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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Tron (TRX) enters Poland (EU) as it gets listed on Bitpay

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Tron’s mass adoption intensifies as the most significant Poland crypto exchange, Bitpay, lists TRX on its platform. The listing is to foster and create a wider audience for both Tron and Bitpay. The collaboration between Tron and Bitpay was done to create a better and safer means to purchase and trade TRX tokens.

Tron listing on Bitpay serves as good news for Tron’s community because TRX can now be traded to Bitcoin, Polish Zloty, US Dollars, and Euro. Bitpay is one of the biggest exchanges in the world, and the founder of Tron (TRX) didn’t fail to acknowledge that. Sun further emphasized that the listing is another achievement for Tron and its community. Sun said,

“BitBay is one of the biggest digital asset exchanges in the European area. The listing of TRX on BitBay is another milestone for us, representing another significant step of TRON into the European market. We believe that the cooperation between the two parties will provide users with more purchasing channels that are safer and more convenient. This will be a win-win cooperation” 

In regards to the new listing, Tron CEO tweeted,

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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