Thinking Crypto
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Ripple XRP and Ethereum are Not Securities - Gary Gensler is an Ignorant FUDster
Posted
April 24, 2018
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Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities. Ripple spokesperson Tom Channick told The New York Times that XRP is not a security because it “does not give its owners and interest or stake in Ripple, and they are not paid dividends. XRP exists outside of Ripple, was created before the company and will exist after it.”
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