Renowned technical analyst and head of Factor LLC, Peter Brandt, has said he regards Ripple’s XRP token as a security.
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Under new SEC head we will have many more challenges of this type. Personally I think XRP is a security, but that would not prevent me from owning it under the right circumstances.
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— Peter Brandt (@PeterLBrandt) September 20, 2021
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«Лично я считаю XRP ценной бумагой, но это не помешает мне владеть ей при благоприятных обстоятельствах», — написал Брандт.
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Followers asked for his opinion on Ethereum, to which the trader said that the second-largest cryptocurrency by market capitalization cannot be considered a security due to \”a completely different structure\”.
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No, I do not believe so. Different structure entirely.
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— Peter Brandt (@PeterLBrandt) September 20, 2021
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In December 2020, the SEC accused Ripple of selling unregistered securities in the form of XRP tokens worth $1.3 billion. The defendants also included Brad Garlinghouse and Chris Larsen. The regulator placed emphasis on their actions in the amended complaint, filed in February 2021.
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On April 7, Judge Sarah Netburn granted Ripple’s motion for access to SEC documents revealing the regulator’s interpretation and views on Bitcoin and Ethereum.
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In September, the press reported that the SEC does not consider Ethereum a security, because it is a fully developed blockchain infrastructure that has been operating for several years.
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Earlier, in June 2020, Brandt described the XRP token as a ‘manipulative scam’ and urged investors to stay away from Ripple.
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