HomeYouTubeIs XRP/RIPPLE A Security? Doesn’t Matter! Is XRP/RIPPLE A Security? Doesn’t Matter! Rob Art | September 12, 2018 | TWITTER: https://twitter.com/RamzArts None of my videos, what I say, comment or tweet is financial advice. Invest at your own risk and be aware of the fact you can lose all your money. Wish you a beautiful day, XRP family!!!:)))source Tweet Related Posts Ethereum – 2018 looks great; “Bubble” perspective; Fund ICOs with Dai January 7, 2018 | More Crypto News | Bitcoin Rockets Off As Altcoins Bleed! Visa Suspends Crypto Cards! Doge Coin Mooning! January 6, 2018 | More How much Ripple (XRP) Do You Need To Be A Millionaire? May 24, 2018 | More Altcoin News – Is ETH a security? Crypto Charity, BTC Futures, Facebook + Coinbase May 9, 2018 | More Tags: altcoin news, binance, Bitcoin, bittrex, blockchain, cardano, coinbase, cryptocurrenc, doesnt, Ethereum, iota, Matter, neo, ripple, Security, tron, XRPRIPPLE 40 Comments SunsetRider September 12, 2018 So in the unlikely event that it becomes deemed a security, would all of xrp that we are currently holding on to still be valid? or would all of the xrp on are Nano Ledger s become obsolete? Darreem Lindsay September 12, 2018 Hey rob thanks for ur video. 👊 Tok J369 September 12, 2018 i won’t sell my xrp even if the price is getting down coz no damage/negative in Ripple strategy. princed47130 September 12, 2018 But, see, that's just it — you're obviously involved in finances where you live and have connections that could buy XRP for you, IF it's deemed a security by the U.S. SEC. That's what I think is sooooo VERY, VERY unfair here in the U.S. — in order to be an "Accredited Investor" with the SEC, one must be worth $250,000, at minimum — that leaves people like me out — it's not fair. It's designed to make the rich richer and to hell with us, the common man. It really is not fair. BTW — Suzie Crew recanted her statement that ALL cryptos are securities — she said that they were for months and then said she changed her mind after research. Tony Gradisa September 12, 2018 XRP is not security. Vincent Wilson September 12, 2018 20k XRP could be life changing in a few years Ronny kinasih September 12, 2018 Selling securities is heavily regulated in the US , but the same rules doesn't apply to the rest of the world. Let's hope that SEC wouldn't deem it as a security. ItsMrWallace September 12, 2018 So u'll just buy more….Security or not either way hodlers win!!!! #Miami2020! D D51854 September 12, 2018 XRP is not a stock because it is not ownership of a publicly traded company on the stock market. Furthermore, owning XRP does not give you voting rights as publiclly traded stocks do. It is not a debt like a bond where you earn interest over a set period of time. Furthermore, it is not an Option where you have Rights to sell it at a certain price over a period of 90, 180 or 360 days. The CEO of Ripple, Brad Garlinghouse, has said XRP is a Asset like Gold, Silver or even Bitcoin. XRP is a Digital Decentralized Publlic Ledger that is used for Cross-border settlements. Ferrari Hodler September 12, 2018 wow! love the xrp tie! Leonytis September 12, 2018 What does security mean? chip D September 12, 2018 the security issue is a non-issue.its not and all involved incl. sec know its not.surely you know that ripple works with the biggest banks and they in turn make the rules for sure, not a government agency.so please get this out of your head .. its a negative thought and thats all that it is.if it is a security then the price would skyrocket after the dust had settled, and that will happen anyway… the moon thing 🙂please look at the bigger pictures and that is simply realising who is making the rules and who is working with ripple.hopefully time is near for a change in system that will benefit humanity and not just the once with power they have been misusing since beginning last century.lets not get distracted with minor non issues .. those are simply here to influence us and make us doubtfull.at some point wenn time is right and all pieces are in place we will see things moving for the better.cheers, XRP 4ME September 12, 2018 Hey Rob Art,You get a thumbs up for your video and being the best dressed commentator in Ripple XRP world! 👍 Sam September 12, 2018 Rob. XRP is a utility token. A utility token cannot be security. Period. On the other hand, whether XRP is a security or not. Does not matter for us. We can still make money. cheers Luke Wenceslas Mayernik September 12, 2018 I hope it is deemed a security; it means that we will be grandfathered in. So happy we all got into XRP early! Your YT channel is excellent, Rob! HomeValue Glass September 12, 2018 Yeah, IF XRP was deemed a security, would be panic selling like you wouldn't believe. There's no way I'd sell out for such a massive loss so would just keep holding. Buy you're right, people would be stuck unable to sell and you could probably buy their XRP off them in person for cash for way less than the initial listing on the NYSE. I have some antique firearms and would probably put an add on Armslist (Craigslist for firearms) and say I was willing to trade for XRP. BTW, Looking Sharp, bro. Rudy de la Rosa September 12, 2018 XRP or Bust!!! Glenn Ryan September 12, 2018 If the SEC deems it a security and one of the people on the SEC suddenly comes into a lot of money, we will know why. Haha Alp Akal September 12, 2018 Brad Garlinghouse once said "what are we securing?" I think he was right. The chances of XRP being deemed not a security is IMO 90%. BUT, please note IF it is deemed a security, than I think we will face some serious problems that no one here wants to talk about. XRP is a bridge asset. It cannot function properly if it's deemed a security. Lama Light September 12, 2018 You can only win with XRP 🏆 Vincent Wilson September 12, 2018 20K XRP could be life changing in a few years Robert Le September 12, 2018 👍 Robert Le September 12, 2018 No you wouldn't, if security, you lose basic property rights, so much friction. It wont function as use case. Matt S September 12, 2018 Good angle man appreciate your thinking familyvid1 September 12, 2018 Secondary market has Ripple as I was offered it In the states you must qualify financially and minimum investment is $100,000. XR2PEOPLE CRYPTO September 12, 2018 XRP is not a security. If it is by the Reasons that we hear. they're needs to deems all blockchains as a security. Chris Waters September 12, 2018 Can’t ever rule anything out. Prepare for all scenarios. QuadQ September 12, 2018 Atomic 21 on XRP chat has a good description of what would happen if XRP is deemed a security "as an XRP holder if XRP is deemed a security You will have the accredited investor issue until Ripple has an IPO or gets listed on pink sheets.Totally fine with me. I’d love it. We’d be rolling in moneyAside from a short term sharp decline and then hitting double if not triple digits, nothing else will change. That sharp decline part is just an assumption. It depends on how much FUD and resitance there is in the retail community, how soon it’s listed on regulated exchanges, and also how fast instos start pouring money into their new favorite golden goose.In terms of tax, it’s still the same whether security or not. Nothing will change except it’ll fast track us to be accepted by the very institutions intended to use xRapid.But. It doesn’t matter because XRP is not a security. If it is deemed one, it’ll be for political purposes only. But that’ll backfire, and only help us.Whether security or not, I’m eagerly awaiting regulation. That 15-40% US capital gains tax you guys may be thinking about evading will become required but XRP will be valued at many multiples of what it’s worth now so it’ll end up being just fine.Note: the FUD saying instos won’t use XRP it’s a security due to taxation is complete and utter bs. If you profit on a currency conversion you pay taxes now anyway. No change.Atomic1221Veteran Member Fader 1 September 12, 2018 1 XRP could be life changing in a few hours Datz My Cuzzin September 12, 2018 Knowing you can get all kinds a putang when Ripple soars but remember goldiggers will get pregnant on purpose or accuse you of rape Lewis Day September 12, 2018 XRP Donations Address: rPtTqHYhDxbUJDeNwzPoZJ41MLS3b98o2f Destination Tag: 0 I'm poor i need them coins. =3 Peter J. Zacharias September 12, 2018 Rob, I get your point but SEC has to decide within the law and definition of what a security really is otherwise they would get in trouble. Especially, after they labeled ETH not a security. XRP has no attributes of a security, thus it cannot be, by law, labeled as such. Labeling XRP a security would be a huge deal. In order for XRP to work as intended – move money seamlessly and without friction, it mustn't be labeled a security. This would destroy the entire XRP eco-system and render the whole use case of XRP useless. With securities there is a ton of regulations and processes that need to be kept and done when you buy/sell them which would be impossible to do when sending thousands of transactions a day/minute (in future). XRP, by definition, is not a security, though so we're good on that 🙂 Noah monti September 12, 2018 I totally agree with you. I for one keep buying and will continue too as long as it's at this discount price. Thank you for you videos and the perspective you provide. Have a blessed day Mushroom Connoisseur September 12, 2018 Hey Rob, I wanted to address the issue of some people accusing you of "just trying to make money" with your channel. I would like to inform all the users who are complaining about that, that youtube requires 10,000 subscribers for the ability to monitize with ads. Also the other way to monitize is to put Amazon links (or affiliate links) in the description (which there are none). Youtube is currently paying about 20 cents per one thousand views. I know this because I am a webmaster and I use adsense for a living as I have been for 7 years. Anyone accusing Rob of making money with this channel is probably jealous and of course a liar. That being said I think Rob should be making money as he is one of the most consistent well informed "crypto-tubers" here. Thank for another great video Rob! Simon Feeney September 12, 2018 Ripple would just move to Malta . . the SEC has no power outside the US . . . . Eric Cannon September 13, 2018 The SEC’s decision is based on the requirements contained in the “outdated” Howey Test; based on my experience in dealing with the SEC directly pertaining to this issue…. XRP is not a security! Eric Cannon September 13, 2018 How do I purchase XRP? XRP dude September 13, 2018 If XRP would be deemed a security then you would have an ownership position in Ripple. That might sound good, but it’s really not. Securities have a lot of administrative friction. Basically, if the SEC were to label XRP a security token, XRP could never be used as intended because of the large administrative burden that would be levied upon the trade. I will say this one last time: XRP can only live up to its potential if it’s traded as a commodity. If the SEC wanted to label but it a security they would have done that already. The reason they have not done it is because it’s being discussed in court, and because deeming it a security would be very bad for Ripple, and they don’t want to stifle innovation. I have worked with securities administration in corporate actions… and I can assure you that the worst case scenario for Ripple would be that XRP is classified a security Tide Bleach September 14, 2018 1. Ripple didn't "sell" anyone XRP. The people in the lawsuits bought the XRP from exchanges.2. 51% of Bitcoin's hash rate is controlled by 3 miners in china… not decentralized at all. China could easily control those miners. Another example … with XLM. Jeb owns 85% of all XLM, so how is stellar considered decentralized if XRP is considered centralized because Ripple owns 60% of XRP (which btw is locked in escrow with predetermined distribution periods – unlike stellar).3. FINCEN agreement. XRP already declared a currency.4. Former SEC officials are defending ripple in lawsuits.5. Ripple executive Ryan Zagone is on the US federal reserves task force. Why would the US federal reserve elect a representative from Ripple to head their "faster payments task force" if the SEC was going to turn around and rule XRP an illegal security?6. Ryan Zagone is also an advisor on the Better than cash alliance. The better than cash alliance has over 90 entities as members, including but not limited to the World Bank, The G20, The GCC, the Bill and Martha Gates foundation, Visa, MasterCard, and a ton of other huge entities.7. Ripple has distanced itself from XRP via rebranding.8. Ripple is currently decentralizing the ledger9. How much do you want to bet that the SEC already told Ripple what they needed to do in order to get cleared (see #7 and #8 above). Vasileios Kozakidis September 14, 2018 May the XRP awaken!!!