Is Cryptocurrency a Security?

Posted on 06-26-2018 by
Tags: Cryptocurrency

Coffey v. Ripple Labs To Tackle Securities Question

Looks like the marketplace is not going to wait for the SEC and CFTC to decide the fate of certain types of cryptocurrencies. The Ripple Labs case, filed last month, will weigh the “investment contract test” against ripple, a specific form of cryptocurrency.

Replacement For Currency Or Unregistered Security

The discussion around this issue has become increasingly urgent in the last few weeks. On April 23, Gary Gensler, the former chairman of the U.S. Commodity Futures Trading Commission, caused a stir when he made the case in a speech at the Massachusetts Institute of Technology that both ether and Ripple Labs’ XRP coin could be classified as securities.
Ripple Labs Case Will Address Key Cryptocurrency Question,
Law360, June 11, 2018

Read the complaint from Ripple Labs; review a recent crypto fraud case that includes a primer of current crypto rules; and get expert analysis of current oversight below.

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