Ripple's massive $XRP holdings could potentially allow Ripp | Nohawn on Binance Square

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Ripple's massive $XRP  holdings could potentially allow Ripple to buy a lot of crypto companies, according to Bitw*se President Teddy Fusaro#XRP #Flicky123Nohawn #UToday 

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New U.S. House Draft Clarifies Digital Commodity Transactions A new draft discussion on market structure from the U.S. House of Representatives aims to clarify the classification of digital commodity transactions. As reported by Forbes journalist Eleanor Terrett, the draft specifies on page 49 that transactions involving the sale of digital commodities do not constitute securities, provided they do not grant the purchaser ownership rights in the issuer's business, profits, or assets. In essence, buying and selling digital commodities on the secondary market, rather than directly from the issuer, will not automatically trigger U.S. securities laws unless the sale confers ownership or claims to the company's profits or assets. #USHouseMarketStructureDraft

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