One of the emerging blockchain firms in the space, Maxonrow, views the growth of blockchain in Southeast Asia as an opportunity to set a precedent of cooperation between government agencies and blockchain enterprises.
The guidance released by SEC includes examples of both networks and tokens that fall under securities laws and outlines projects which do not.
In his answer letter, Jay Clayton opens up on defining ICO tokens as securities saying that there cannot be a static approach to deal with different crypto assets. Meanwhile, according to the agency’s laws, Ethereum is not the case.
XRP has been pretty much asleep for a very long time and as we are approaching the end of 2018, the much-needed news about Ripple’s partnerships with major financial institutions have started erupting in the crypto-space.
Crypto market rebounds, with the world’s largest cryptocurrencies spiking. This follows the news from the US SEC which does not consider Ethereum a security.