/biz/ - Business & Finance

>>21712540
The biggest thing that everyone is waiting for is clarity from the SEC to determine if this is a currency or a security. Currently, like all crypto, its a security in the eyes of congress. There are elements that are trying to change that but these guys are far too old to move very quickly on large changes like this. That's the switch that everyone is waitng for to be flipped. XRP needs to be a currency in the eyes of the law in order to perform its duties. If clarity comes and it is made very clear that this is a security, then Ripple will have to take their product elsewhere. If that happens, there is still possibility for additional value to be added to XRP as a source of utility. Regardless of schizos and twitter normies, It makes sense to continue to hodl since it still is a pretty good product that Ripple will continue to attempt to utilize in their own interest.