Is XRP/RIPPLE A Security? Doesn’t Matter!

Hey rob thanks for ur video. 👊

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.

20k XRP could be life changing in a few years

So u'll just buy more….Security or not either way hodlers win!!!! #Miami2020!

wow! love the xrp tie!

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,

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

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.

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

You can only win with XRP 🏆

👍

Good angle man appreciate your thinking

XRP is not a security.
If it is by the Reasons that we hear. they're needs to deems all blockchains as a security.

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 money
Aside 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.
Atomic1221
Veteran Member

Knowing you can get all kinds a putang when Ripple soars but remember goldiggers will get pregnant on purpose or accuse you of rape

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 🙂

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!

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!

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

May the XRP awaken!!!