{"id":565073,"date":"2020-12-22T19:51:18","date_gmt":"2020-12-22T16:51:18","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565073"},"modified":"2020-12-22T19:51:45","modified_gmt":"2020-12-22T16:51:45","slug":"xrp-is-not-a-security-according-to-japans-fsa-sbi-holdings-ceo","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/xrp-is-not-a-security-according-to-japans-fsa-sbi-holdings-ceo\/","title":{"rendered":"XRP is Not a Security According to Japan’s FSA – SBI Holdings CEO"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The President and CEO of SBI Holdings Inc.<\/a>, Yoshitaka Kitao, has offered his insights regarding the ongoing debate as to whether XRP is a security<\/a> or not.<\/p>\n According to Mr. Kitao, XRP is not a security and that Japan’s FSA (Financial Services Agency) has already cleared the remittance coin from this category. Mr. Kitao is also optimistic that Ripple will be successful in challenging any lawsuit by the SEC. Furthermore, SBI Holdings will remain a steadfast partner to Ripple as they expand into Asia together.<\/p>\n Mr. Kitao’s statement<\/a> regarding XRP can be found below.<\/p>\n Japan\u2019s FSA has already made it clear that XRP is not a security. I\u2019m optimistic that Ripple will prevail in the final ruling in the US. SBI Holdings remains a steadfast partner to Ripple, and looks forward to expanding together in Asia.<\/p><\/blockquote>\n In today’s market analysis<\/a>, the founder of Messari, Ryan Selkis, also chimed in on the discussion regarding the pending lawsuit against Ripple<\/a>. According to Mr. Selkis, the US Government will not destroy a local company that would generate tax revenue. He explained this as follows.<\/p>\n …ultimately the USG [US Government] won’t kill a domestic golden goose. The US will soon be “on the take” as well. Fine Ripple, extract. Tax future Ripple XRP sales, extract. Keep Ripple funding California! Ripple will settle and get more aggressive in marketing.<\/p><\/blockquote>\n\n
The US Government Will ‘Not Kill its Domestic Golden Goose’<\/h2>\n
Ripple Winning Will Set New Precedents<\/h2>\n