Name Price24H (%)
Bitcoin (BTC)
$8,221.83
3.68%
Ethereum (ETH)
$173.92
1.83%
XRP (XRP)
$0.289322
0.42%
Litecoin (LTC)
$54.07
1.77%
Altcoin News, Ripple XRP News

FCA says XRP is not a security token

One of the major stumbling blocks that XRP seems to have had is the regulatory uncertainty surrounding it’s official classification. Whereas the SEC have already clarified that Bitcoin and Ethereum are not security tokens, they have yet to show the same level of clarity for XRP. This is one of the major factors behind many investors believing that the price of the token has failed to reflect the numerous fundamental developments over the past 12-18 months.

The UK’s Financial Conduct Authority recently released it’s updated guidelines for cryptocurrencies and in this document it outlined similarities between XRP and ETH:

“Any token that is not a security token, or an e-money token is unregulated. However, market participants should note certain activities that use tokens may nevertheless be regulated, for example, when used to facilitate regulated payments,” 

This news has been received with great opimism from all XRP investors, as it is a strong probability that the SEC will follow the FCA’s stance and class XRP not as a security token.

Image licensed via Shutterstock

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