MicroStrategy’s Saylor Says XRP Is A Security Michael Saylor h | CryptoExplorer ✪

MicroStrategy’s Saylor Says XRP Is A Security
Michael Saylor has said that XRP is a security, noting that the cryptocurrency falls under the jurisdiction of the U.S. Securities and Exchange Commission. “XRP is an unregistered security,” Saylor said when asked about his thoughts on the embattled cryptocurrency. “It’s pretty obvious. There’s a company. The company owns a bunch of it, they sell it to the general public, but they never took the company public, there is no disclosures. So the SEC position is you’re selling an unregistered security,” he added. Saylor went on to argue that except Bitcoin, which did not have a known creator, all other cryptocurrencies fulfilled the threshold of an investment contract. Read more