This is what, according to a former lawyer, holds the price of XRP back

Von Krypto News Österreich

Scott Chamberlain – ein ehemaliger US-Anwalt und Mitbegründer von EvernodeXRPL – glaubt, dass das Haupthindernis, das den Anstieg des XRP-Preises verhindert, die Behauptung der SEC ist, dass der Token als Sicherheit eingestuft wird. Andererseits, Ripple – die Stelle, die die ausstellt coin – hat behauptet, dass XRP als Ware behandelt werden sollte. In einem kürzlich erschienenen Twitter-Beitrag meinte Chamberlain, dass die Preisunterdrückung von XRP nicht durch die Behauptung der US-Börsenaufsichtsbehörde SEC verursacht wurde Ripple verkaufte Vermögenswerte im Wert von mehr als 1 Milliarde Dollar im Jahr 2013, aber durch die „entscheidende Unterscheidung“ der Aufsichtsbehörde, dass der Token ein Wertpapier ist. …
Scott Chamberlain-a former US lawyer and co-founder of Evernodexrpl-believes that the main obstacle that prevents the increase in the XRP price is that the token is classified as security. On the other hand, Ripple - the position that the exhibits Coin - claimed that XRP should be treated as goods. In a recently published Twitter contribution, Chamberlain said that the price suppression of XRP was not caused by the claim of the US stock exchange supervisory authority SEC Ripple sold assets worth more than $ 1 billion in 2013, but due to the "decisive distinction" of the supervisory authority that the token is a security. ... (Symbolbild/KNAT)

Scott Chamberlain-a former US lawyer and co-founder of Evernodexrpl-believes that the main obstacle that prevents the increase in the XRP price is that the token is classified as security.

On the other hand, Ripple-The place that the exhibits Coin-has claimed that XRP should be treated as goods.

  • In a recently published Twitter contribution, Chamberlain said that the price suppression of XRP was not caused by the claim of the US stock exchange supervisory authority SEC. the token is a security.

I think a decisive difference is that the SEC claimed that "XRP is a security", so that the entire chain is threatened. If you only sell alleged Ripple XRP as part of an investment contract, then there would be no threat, no price damping - and no case because it would have long been done https://t.co/2bkvuuydiv

- Scott chamberlain (@scotty2ten) 6. April 2023

  • Before Chamberlain's reaction to the social media platform, the financial expert Fredo Ayala the lawsuit between Ripple and the SEC, as they have invested in XRP and expect a possible price expansion.
  • The legal dispute began in 2020 when the Watchdog accused the blockchain organization of giving significant funds in an unregistered securities offer in 2013.
  • Ripple’s managers have claimed that over the years and again and again Coin should be viewed as goods. Chief Technology Officer David Schwartz Recently explained why:

"XRP is a raw goods that are traded in the trade, and an XRP is treated as equivalent with any other XRP. This is pretty much the definition of a" goods ". No part of the value of XRP comes from the legal obligations of others to XRP owners. ”

  • Gary Gensler-Chairman of the SEC-in turn, called The only digital value is only ready to classify as a goods Bitcoin.
  • Despite the uncertainty about the outcome of the lawsuit and the lengthy process, the evaluation of XRP has recently moved up. It is currently being traded at around $ 0.51, which corresponds to an increase of 34 % compared to the numbers of 30 days ago.

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