Brad Garlinghouse: Ripple Did Not Issue XRP - Global Coin Report
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XRP is Very Clearly Decentralized : Ripple CEO Brad Garlinghouse
October 03, 2018 4:41 PM Discuss When Securities and Exchange Commission (SEC) Division of Corporation Finance Director William Hinman gave his opinion this summer that ether the native asset of the Ethereum platform was not a security under federal law, he listed among his justifications the fact that, although ether was originally distributed through a token sale, it has become substantially decentralized in the years since its network launch. Since then, supporters of XRP, the third-largest cryptocurrency, have sought to demonstrate that the token colloquially referred to as ripple due to its close association with the blockchain startup of the same name is sufficiently decentralized to evade the security classification as well.
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