SEC’s commissioner thinks XRP might not be a security

Ripple was taken to court with the claim that they had unregistered XRP sales that allegedly violated securities laws. During the time of court hearing, the defendants have tried their possible best to prove that its sales and distributions of the coin had nothing to do with investment contracts. Since the XRP coin holders don’t have stake in the company RIPPLE.

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From the look of things the commissioner for SEC, Hester Peirce is gaining some knowledge about XRP not being a security.peirce is calling for more regulatory clarity. Because this might be a waste of time for a non-fraud case.

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