Ripple vs. SEC: Crypto Mom Argues Point
In a recent interview with Bloomberg, US Securities and Exchange Commissioner Hester Peirce noted that Ripple, or any other cryptocurrency, does not necessarily have to be a security for the issuer to get sued by the Commission.
Pierce, popularly known as the “Crypto Mom” because of her pro-crypto views, argued that enforcement action could mean that the concerned asset trades as an investment contract. She noted that:
“When we think about a crypto-asset as being a security, what we’re doing is we’re saying it’s [sold] as part of an investment contract, which means that [promises are being] made around the sale of this asset. It doesn’t mean that the asset itself necessarily has to be a security. It means that it was [getting]sold as a security.”
However, the Crypto Mom admitted that the…
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