Ripple Demands to Know Why Bitcoin and Ethereum Are Not Securities

[TomPluz]

"Ripple blockchain company has filed an official reply to the lawsuit it faces from the US SEC (Securities and Exchange Commission). It now demands the agency to release documents explaining why Bitcoin and Ethereum – the two most popular cryptocurrencies - are not securities."

Read more: https://blockchain.news/news/ripple-files-response-sec-lawsuit-demands-know-why-bitcoin-ethereum-are-not-securities

I am sure this is an interesting move. But will SEC respond to the query by Ripple or will it just thrash this lawsuit to the garbage bag? Let's watch what can be...

[Fenix]

"Ripple blockchain company has filed an official reply to the lawsuit it faces from the US SEC (Securities and Exchange Commission). It now demands the agency to release documents explaining why Bitcoin and Ethereum – the two most popular cryptocurrencies - are not securities."

Read more: https://blockchain.news/news/ripple-files-response-sec-lawsuit-demands-know-why-bitcoin-ethereum-are-not-securities

I am sure this is an interesting move. But will SEC respond to the query by Ripple or will it just thrash this lawsuit to the garbage bag? Let's watch what can be...

Bitcoin and Ethereum are very different from Ripple in that, unlike Ripple, they are decentralized. The SEC's response may be based on this. Of course, I am sure that the SEC specialists will explain their position. Only this appeal had to be sent to the court, since court hearings on this claim are scheduled for the end of February, and this is one of the methods of protection of Ripple Labs. At the same time, the court may consider this request irrelevant to the essence of the claim and reject it.