Ripple XRP and Ethereum are Not Securities – Gary Gensler is an Ignorant FUDster

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Former Goldman Sachs partner and government regulator Gary Gensler believes that altcoins Ethereum (ETH) and Ripple (XRP) should likely be considered unregistered securities. Ripple spokesperson Tom Channick told The New York Times that XRP is not a security because it “does not give its owners and interest or stake in Ripple, and they are not paid dividends. XRP exists outside of Ripple, was created before the company and will exist after it.”
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Disclaimer – Thinking Crypto and Tony Edward are not financial or investment experts. You should do your own research on each cryptocurrency and make your own conclusions and decisions for investment. Invest at your own risk, only invest what you are willing to lose. This channel and its videos are just for educational purposes and NOT investment or financial advice.