$XRP's issuer filed its comment letter backing the SEC's proposed Regulation Crypto Assets on Oct 20. Stuart Alderoty says Ripple spent more than $150M in court getting clarity and wants rules built on Howey: the investment contract can be a security while the token stays separate. Ripple asked the SEC to judge what an issuer actually promised and whether those promises ended, and to drop any separate decentralization test. The draft exemptions cap raises at $5M and $75M ⚖️ https://t.co/uO3uqKu34D
Digital Asset Dude (D.A.D.)Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.