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[aryan4]

The UK has released a new document outlining its regulatory approach to cryptocurrencies and stablecoins. In this published report, it is reported that XRP is thought to be a cryptocurrency exchange token, not a security.
Do you think this important report could influence the SEC case?

 

[Niftyicon]

I really hope it does even though it is coming from the UK. If the controversy is about xrp being a security or not, then this document should be very important for this case.

 

[aryan4]

I really hope it does even though it is coming from the UK. If the controversy is about xrp being a security or not, then this document should be very important for this case.

Of course, we cannot speak for sure and we only write our opinions. But I see this news as a positive development, let's see if it will have an effect.

 

[aryan4]

Today, a similar report on this subject is reported to come from Japan. It's hard to be sure, but such statements may be useful in XRP defense.

 

[achawaskey]

That depends what they are charge with, and I believe that it will have some effects on the case with SEC, and if Ripple lives US, they can still thrive in other country.

 

[sagefave]

if it is a matter of whether ripple is a security or a cryptocurrency then the release of the document by the UK and Japan might be instrumental in defending ripple against the SEC lawsuit.