The Wall Street Journal reports that the SEC’s investigation into Ripple’s cryptocurrency XRP could impact cryptocurrency regulation. Among other issues, regulators are looking at Ripple’s earnings in relation to sales of XRP vs other revenue streams.
The ruling may affect cryptocurrency investors who are not immediately well-equipped to deal with securities regulations. The SEC generally has not considered more decentralized cryptocurrencies like Bitcoin to fall under securities laws. XRP, however, is owned and controlled by Ripple, which has opened the door to the SEC’s scrutiny.
The Warren Law Group can assist you in navigating this regulatory landscape whether you’re doing an ICO or your investment has been affected by mismanagement of cryptocurrency assets. To start the conversation, call the Warren Law Group at (866) 954-7687 or email email@example.com.