Quote from: naikturun on June 07, 2023, 03:26:15 PM

Quote from: o48o on June 06, 2023, 02:35:27 PM

Well they have been saying that xrp is a security for 2 years so i am still waiting for conclusion on that. Many of those i have no clue about and i am wondering why some other obvious securities are not in that list. Maybe they are too low marketcap and low visibility. But i have a feeling that this will be even longer process than anyone thinks. I might be an old man before this is settled.

The regulatory classification of cryptocurrencies, including XRP, can indeed be a complex and lengthy process. Different regulatory bodies around the world have varying views on the matter, and their assessments can take time to reach a conclusive decision.The classification of a cryptocurrency as a security typically depends on how it was issued, marketed, and the level of control and involvement from a centralized entity. Regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), evaluate these factors to determine if a token qualifies as a security under existing securities laws.

It is very strange that the SEC did not wait for the final court decision on its lawsuit against Ripple Labs and launched a further massive attack on cryptocurrency through cryptocurrency exchanges. It seems that the SEC is sure to win with a lawsuit against XRP, or they simply hope that the decisions of other courts may be in their favor and then they will play on it. In any case, such lawsuits harm the cryptocurrency market.
It cannot be said that if the market began to recover after the lawsuits, then the danger has already passed. Prices in this market will react every time there is a change in the lawsuit.