Bitcoin and ETH Are Commodities, While XRP’s Status Is Unclear, CFTC Says
Helen Partz's original article for cointelegraph.com reduced by 73%
Tarbert purportedly speaks about XRP in commodity-security context for the first timeAccording to Tarbert, the regulatory status of XRP is still unclear so far, despite the CFTC work with the United States Securities and Exchange Commission to "To really think about which falls in what box" over the past year. The CFTC previously made a similar statement about Bitcoin in March 2018.Regulatory status of XRP has indeed been unclear so farMeanwhile, the regulatory status of XRP has been unclear so far, particularly after Ripple, the company behind the token, faced a class-action lawsuit alleging that it held an unregistered sale of securities. Subsequently, Ripple filed a motion to dismiss the lawsuit in early December 2019, claiming that the case is contradictory and "Self-defeating." Previously, Cointelegraph published an expert take on the complicated regulatory status of XRP.Cointelegraph contacted Ripple regarding the recent CFTC chairman's statement on XRP's unclear regulatory status but had yet to receive a response as of press time.
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CN [too long; didn’t read]
Summarised crypto news.