Ripple CTO David Schwartz expressed concerns about the SEC's handling of digital assets, believing it to be too broad. He highlighted the potential consequences of regulation where nearly all digital assets could be categorized as securities. Regarding the SEC v. Ripple case, Schwartz clarified that the regulator ruled that Ripple's offerings of XRP to institutional investors were considered securities while broader use for exchanges and compensating vendors did not fall under the same scrutiny. Ripple's dual approach to XRP transactions remained a significant issue in the legal proceedings. Attention is now shifting to the branding and launch of Ripple's new stablecoin, RLUSD. When asked about its branding, Schwartz responded cryptically, sparking curiosity.
- Content Editor ( u.today )
- 2024-09-26
Ripple CTO Drops Cryptic RLUSD Stablecoin Hint