Ethereum(Eth) and Ripple(XRP) are ‘Noncompliant Securities,’ Says Fmr. CFTC Chairman


The two most valuable altcoins are most likely “noncompliant securities” under US law, claims a former markets regulator. Gary Gensler, a former head of the Commodity Futures Trading Commission (CFTC), said that he believes Ether and XRP have been issued through unregistered securities offerings and are trading illegally on the hundreds of cryptocurrency exchanges that

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Posted by Josiah Wilmoth on April 23, 2018 @ https://www.ccn.com/ethereumeth-and-ripplexrp-are-noncompliant-securities-says-fmr-cftc-chairman/

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