Ether And Ripple Are Non-compliant Securities According To Former US Regulator

Ether And Ripple Are Non-compliant Securities According To Former US Regulator
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Gary Gensler, former chairman of the US Commodity Futures Trading Commission under President Barack Obama, has argued that both Ether (ETH) and Ripple (XRP) should be considered non-compliant securities. During Gensler’s tenure, he worked closely with the US Securities and Exchange Commission, to develop a proper regulatory framework for cryptocurrencies and other related transactions. In a previous report the New York Times quoted Gensler as saying that he did not view Bitcoin as a security, since it was basically issued via a “decentralized network of developers”, and not through the issuance of an Initial Coin Offering (ICO).

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