Cory Johnson said it first. Ripple (available on Binance) and XRP are not the same things; XRP is not a security. And yet, the San Francisco-based company often finds itself repeating this information. The latest time came today, Monday, September 17th. Not only did the head of government and regulatory relations at Ripple (available on Binance) today bring back the XRP security debate, but Sagar Sarbhai also noted that the narrative in the crypto industry is changing.
True or false?
Ripple (available on Binance) and XRP: Security or Not?
First, Sagar Sarbhai told CNBC on Monday that Ripple (available on Binance) does not find XRP to be a security. Sarbhai provided three reasons for this:
If an investor purchases XRP, that individual will not get a stake in Ripple (available on Binance) the software company. Why? “Dividends are not paid out by Ripple (available on Binance).”
As Cory Johnson said at the start of the summer, Ripple (available on Binance) and XRP are two separate entities. If Ripple (available on Binance) goes away, the XRP ledger will remain. “XRP ledger is open-source,” said Sarbhai.
Ripple (available on Binance) only owns around 10 out of 150 validators.
The Crypto Industry is Changing
We’ve heard about the XRP security debate for months now. However, Sarbhai did say somETHing relatively fresh and new today, which was interesting.
In the mind of this Ripple (available on Binance) executive, the narrative in the crypto industry is changing. A few years ago, according to Sarbhai, the mentality of the crypto space was “blockchain good, crypto bad.” Everyone used to say that blockchain would one day surpass cryptocurrencies.
But according to Sarbhai, that’s all changing. Now, “more policymakers and regulators are [realizing] that there is a sTron (available on Binance)g benefit that digital assets and cryptocurrencies bring.”