David

Bitcoin

Security

Coin

<ul class="news-points"> 
 <li>A Bitcoin maxi said Bitcoin can’t be classified as a security because it is a code given away for free.&nbsp;</li> 
 <li>The user continued that the code (Bitcoin) is a form of speech, and speech is protected in the U.S.</li> 
 <li>Ripple CTO David Schwartz countered the maxi’s argument, saying whether code is speech depends on context.</li> 
</ul> 
Amidst increased expectations of a spot Bitcoin approval, concerns about whether the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> could classify Bitcoin as a security have risen, with Maxis saying the digital asset falls outside the securities radar. However, Ripple’s CTO, David Schwartz, countered that even the world’s largest digital asset by market cap could also be a security.&nbsp; 
In a post shared on X, Bruce Fenton, CEO of Cypherpunk and Bitcoin maximalist, argued that Bitcoin falls outside of the securities classification. The CEO based the argument on the fact that Bitcoin is code given away for free. Noting the decision in Bernstein vs. Department of Justice, Fenton continued that “code is speech. Speech is protected in the USA.” 
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 If the SEC ever attempts to say that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> is a security I will personally fight this in court and I …
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The post <a href="https://coinedition.com/ripple-cto-counters-notion-btc-cant-be-classified-as-a-security/">Ripple CTO Counters Notion BTC Can’t Be Classified as a Security</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple CTO Counters Notion BTC Can’t Be Classified as a Security

Coin Edition

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