Ripple Wonders Why The SEC Has Not Come Up with Cryptocurrency Status Yet
We all remember the loud statement of the Securities and Exchange Commission which clearly said that the world’s two most popular digital coins (Bitcoin and Ethereum) do not comply with the definition of a security. What about other altcoins? The representative of Ripple contacted the SEC not so long ago, asking why they have not yet determined the official status of cryptocurrencies. In response, the Commission’s spokesperson stated:
The SEC has not made a determination as to whether any specific cryptocurrency may be deemed a ‘security’ under the federal securities laws.
This answer is not quite informative, thus, we only have to wait upon the decision of the SEC. We remind you that the SEC will take the decision concerning Bitcoin ETF in September of this year. Subscribe to The Coin Shark news in Facebook: