XRP Might Not Be a Security, According to SEC Commissioner

SEC Commissioner Hester Peirce is calling for greater regulatory clarity

Mon, 06/21/2021 - 05:07

When asked about XRP’s regulatory status during her recent Bloomberg interview, the U.S. Securities and Exchange Commission's Hester Peirce said that a cryptocurrency doesn’t necessarily have to be a security if its issuer gets sued by the agency.

Peirce—who has earned the “Crypto Mom” moniker for her vocal support of the crypto industry—claims an enforcement action means that the asset was being sold as an investment contract:

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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