Token

Coin

<ul class="news-points">
 <li><strong>According to Bill Morgan, Ripple’s reliance on XRP does not make the token a security.</strong></li>
 <li><strong>Kaj criticized Ripple for not being actively involved with the XRP community.</strong></li>
 <li><strong>The crypto community awaits the final ruling in the ongoing Ripple Vs SEC case.</strong></li>
</ul>
<p>Crypto lawyer Bill Morgan countered a claim by XPUNKNFTs’ founder, @BradPunkhouse on X, that an ecosystem relying solely on a particular token automatically makes that token a security.</p>
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">If you think an ecosystem relying solely on a token makes the token a security that is incorrect. <a href="https://t.co/CCpY3XeCFM" target="_blank" rel="noopener noreferrer nofollow">https://t.co/CCpY3XeCFM</a></p>— bill morgan (@Belisarius2020) <a href="https://twitter.com/Belisarius2020/status/1809453144935682239?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 6, 2024</a>
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<p>In his post, the user had criticized XRP, saying that Ripple relies solely on the crypto token. He compared Ripple’s activities with Solana’s, claiming that Solana’s case differs due to how the project utilizes its native crypto, SOL.</p>
<p>Kaj (@BradPunkhouse) clarified that he had no issues with Ripple selling XRP. However, he criticized the fintech firm for not working with the XRP community to make the ecosystem thrive. He said Ripple developers should have been actively involved with the XRP community, claiming available data shows developers are critical.</p>
<p>XRP has…</p>
<p>The post <a href="https://coinedition.com/crypto-lawyer-disputes-xrp-as-security-sparks-debate-on-token-utility/" rel="noopener noreferrer nofollow">Crypto Lawyer Disputes XRP as Security, Sparks Debate on Token Utility</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Lawyer Disputes XRP as Security, Sparks Debate on Token Utility

Coin Edition

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