Is XRP a security?....well not according to Fincen.
May 05, 2015 , over 3years ago
https://www.fincen.gov/news/news-releases/fincen-fines-ripple-labs-inc-first-civil-enforcement-action-against-virtualhttps://www.fincen.gov/sites/default/files/shared/Ripple_Remedial_Measures.pdfRipple has worked hard and done almost everything Fincen has asked...Now if the SEC want to change everything, they will have problems with fincen and others.
The U.S. Securities and Exchange Commission (hereinafter “SEC”) works with the Financial Crime Enforcement Network (hereinafter “FinCEN”) and not against it.
http://www.grimeslawaz.com/money-transmitter-licensing/sec-regulation-vs-fincen/Ok next part...
IMF work very closely with Ripple and XRP
https://ethereumworldnews.com/why-ripple-xrp-fits-the-bill-of-what-the-imf-would-recommend-to-global-central-banks/https://www.imf.org/external/POS_Meetings/SeminarDetails.aspx?SeminarId=215Ryan Zagone is Director of Regulatory Relations at Ripple
a payment technology company named as one of the MIT 50 Smartest Companies, and the recipient of the WEF’s Technology Pioneer Award. He serves on the Steering Committee of the Federal Reserve's Faster Payments Initiative. He also sits on the advisory board of the United Nations’ Better Than Cash Alliance. Previously, Zagone focused on product strategy at Deloitte and regulatory policy at the American Bankers Association.
https://www.crowdfundinsider.com/2018/06/134378-imf-expands-fintech-group-to-foster-greater-collaboration-between-national-authorities-international-organizations/The International Monetary Fund (IMF) has announced an expansion of its “High Level Advisory Group on Finance and Technology” to boost its Fintech efforts...
Chris Larsen, Executive Chairman, Ripple
Then we have SBI partnering with Ripple....American express and other major big financial businesses.
When you combine all this .... and see the progress Ripple- XRP has made since the court meetings with Fincen 3years ago, there is no chance XRP is a security now.
....
Now lets say sec declares XRP a security...imo it will be because they were told to say so...
we could get a dump (all coins will fall..ripple effect
)
but after the dump sec will change their minds and say sorry and XRP will be flying high once again.