Former SEC Employee: XRP is a Currency, not a Security
A former U.S. Securities and Exchange Commission (SEC) member Michael Didiuk talked about Ripple (XRP). He argued that the third largest cryptocurrency by market cap is a currency rather than a security. Didiuk gave a number of reasons to support his claim. Didiuk cited the Howey (a 1946 Supreme Court case) which outlined four main [...]
