August 23, 2018By Nathan Bentley
“The XRP community has an interesting theory that the SEC never put into writing that Bitcoin (BTC) and Ethereum (ETH) are not securities. The officials at the authority simply verbalized their opinion. Therefore, they still have no rules to regulate cryptocurrencies and in that sense, completely clear XRP from any wrongdoing.”An unnamed member of the XRP community is also alleged to have sent the following email to the SEC:
“It appears you may be referencing recent public statements made by certain SEC employees about cryptocurrency matters… As you may be aware, Director Hineman’s remarks [about Ethereum] included a disclaimer: The Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner.”Is this enough to get XRP off the hook? Nope, probably not. Just because not everyone in the world has been categorised as either a criminal or a non-criminal, it doesn’t mean actual criminals aren’t criminals. Sadly, it doesn’t work like that, I think this is just an attempt to distract the SEC. With that in mind though, it is interesting to imagine a system where the SEC actually trawl through the markets and categorise each cryptocurrency. Indeed, it would solve volatility issues but on the flip side, it could cause conflict and tension. As the court cases continue and as the SEC regain focus on XRP, we’ll find out the true outcome of all of this soon enough.