The SEC argues that XRP should be classified as a security, similar to stocks or bonds, and therefore subject to federal securities laws. Ripple Labs, on the other hand, asserts that XRP is a cryptocurrency and does not fall under the SEC's jurisdiction.
The SEC argues that XRP should be classified as a security, similar to stocks or bonds, and therefore subject to federal securities laws. Ripple Labs, on the other hand, asserts that XRP is a cryptocurrency and does not fall under the SEC's jurisdiction.