US SEC Claims XRP Rides on Speculation
A recent remark from the U.S. Securities and Exchange Commission (SEC) could influence people’s perceptions of XRP, the digital currency associated with Ripple. A document shared by Anderson, a well-known figure in the XRP community, shows that the SEC recognizes the importance of speculation in setting the cost and use of XRP. The document, a part of the SEC v. Ripple litigation, suggests that speculation appears to be a fundamental factor underlying XRP’s valuation rather than having a short-term impact on the price. One of the key elements in the SEC’s argument is an email from Ripple CEO, Brad Garlinghouse,…