Is XRP a security? Legal experts and Ripple exec weigh in hot debate xrp xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple $xrp Belisarius2020 JoelKatz Marc_Fagel
from being classified as a security. Fagel's response, emphasizing that the method of sale determines the need for registration, not a change in security classification, left some attendees unsatisfied and yearning for further clarification.
Ripple CTO David Schwartz stepped in to emphasize that there are two distinct legal issues: whether an asset qualifies as a security, and whether its offering meets certain conditions that constitute a security offering. Schwartz's comments further blurred the lines, suggesting thatcould fall under the purview of securities if certain criteria, as outlined in the Howey test, are met.
Maybe I'm misunderstanding what you're saying, but I can only get your comment to make sense if we understand the original question in a very strange way that almost certainly was not the one intended.However, attorney Bill Morgan presented an alternative viewpoint, expressing confusion about the need for exemptions in secondary markets when the asset itself is not inherently classified as a security.
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