In the past few weeks, there has been a lot of talk of existing cryptocurrencies potentially being labeled securities. Two currencies are of particular concern in this regard, as that status could easily apply to both XRP and Ethereum. It now seems a lawsuit has been filed against Ripple for violating securities laws in issuing XRP tokens. The XRP Lawsuit is Disconcerting There is a good chance that both Ethereum and XRP can be considered securities because of the way they were issued initially. Although Ethereum set up a Swiss foundation to bypass most of those concerns, the same does notPowered by WPeMatico
