what happens if xrp is a commodity what happens if xrp is a commodity

Following the SECs action against Ripple, the price of XRP on Coinbase has taken a significant hit. This website uses cookies. The Ripple price prediction for 2028 suggests XRP coin prices could potentially trade at a minimum price of $2.27 and an average value of $2.34. Generally, experts are optimistic about XRPs future growth and predict potential gains in the coming years. XRP forecast for 2029 also has a maximum price target of $5.66. The XRP native token is designed to act as a bridge between competing hard-to-understand currencies. The status of XRP is still open to discussion, but the potential to pronounce it a commodity arrives after the Commodities Futures Trading Commission appointed the status to Ethereum (ETH). The company sells its RippleNet technology to these institutions, thereby increasing the popularity of its native token, Ripple XRP. A Few Factors To Consider, How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. The security vs. commodity debate has many practical implications for the cryptocurrency industry and consumers and is already heating up in Washington. It may be for sale. It's worth noting, though, that some of the experts think the coin will remain under $1 in 2025. It was created in 2004 as RipplePay, but the case of its innovation came too early for its time, as it made no significant mark then. But when asked if more cryptocurrencies like XRP will fall under the commissions purview this year, Tarbert replied Its unclear, stay tuned. Part of the issue, he elaborated, is that our jurisdiction we share with the SEC. Or will it be classified as a security as claimed by SEC? Since the beginning of the week, the price of XRP has dropped by 1.51%. SEC vs. Ripple: XRP Price Prediction After Lawsuit, SEC vs. Ripple Case will likely end in 2022, says Ripple CEO, Ripple Price Predictions by Cryptopolitan, Ripple price analysis: XRP skyrockets above $0.4126 as the market awakens. TheResponsible Financial Innovation Actintroduced on 7 June 2022 includes a comprehensive regulatory framework for digital assets and seeks to provide clarity on how digital assets, such as cryptocurrencies, are treated under US securities law. As SEC loses ground in its suit against Ripple, the odds are for a turnover of Ripples fortune. According to the SEC, Ripples platform, which allows retailers to transfer funds between vendors, made XRP a security. Interbank settlements using the XRP Ledger will have an incentive to ensure that the network is reliable and stable if it is widely used. This indicated that, for the first time, the companys XRP holdings were less than 50% of the overall supply. Other cryptocurrencies are being accused of causing damage to the environment brought by their carbon emission, but XRP is free from blame. The Stochastic RSI for the daily time frame is also at the bottom (18); thus, there is a huge potential for the upside as far as there is no negative news in the crypto space. Our Ripple price prediction for 2026 suggests XRP price movements could reach a minimum price of $1.58 and an average trading price of $1.64. Investing is speculative. This uses gateways linked to servers of the company in multiple countries to verify and process transactions. Ripple Labs Inc. has previously filed a motion for summary judgment in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). XRP currently trades for $ 100001, less than 1% of its all-time high. But at the dawn of 2020, dark clouds began to form and a bolt of lightning struck Ripples XRP. Buy gift cards/mobile Top Ups with Cryptos, Bitcoin Casinos Where, What and How to Play. Recently, the SEC and Ripple Labs reached an agreement on the lawsuit, which favors Ripple Labs. However, panellists agreed that XRP will most likely be worth between USD 2.55 and USD 3.61 by the end of the year. This will happen if the actions of Ripple technology lead to a partnership with more financial institutions. All signs point to XRP as having a secure footing for continued success. Ripplehas been in existence for a while. Thelawsuiton Ripple about its security doesnt seem to bother Japanese regulators or SBI officials. But how realistic are these beliefs? Another event that has a bearing on XRPs rise is the recent FTX fiasco. XRP recorded 15/30 (50%) green days with 2.78% price volatility over the last 30 days. XRP (Ripple) has also found an ally with former CFTC Chairman Chris Giancarlo. TERMS AND CONDITIONS | CONTACT | ADVERTISE, Authenticator Alert Securing Your Crypto, Giddy Wallet Announces First-Ever Autogas Feature for Polygon, TRON Partners With Oraichain for AI Integration and HackaTRON Collaboration, Alpine Esports Signs QANplatform As Its Official Blockchain Partner To Support Fan Engagement, Team Performance and Operations, Huobi To Join BitTorrent Chains Layer Two Ecosystem, Metacade Presale Stage Five Selling Out As Strategic Partnership With MEXC Is Confirmed, Derby Stars Gallops Into a New Era of Horse Racing Game With Early Access Launch, Red-Hot Ethereum (ETH) Scaling Altcoin Launches New Airdrop Phase, Plans To Distribute 11,700,000 Tokens, Trader Who Called Exact Bitcoin Bottom Updates Outlook on Crypto Markets As Crucial Monthly Close Approaches, Shiba Inu Rival Burns 1,000,000,000,000,000 Tokens in Single Transaction in Push To Shrink Supply, Shiba Inu (SHIB) Rival Rallies Over 40% Prior to Announcement of Major Exchange Listing for Perpetual Contract. Copyright 2023 FINODES LLC. AfterRipplefiled its redacted reply to the SECs opposition in court to the motion for summary judgment, theclosure of the caseappears to be on the horizon. If the district court in California rejects the motion to dismiss the lawsuit and eventually decides that Ripple has been breaking the law by selling an unregistered security, the price of the third-largest cryptocurrency will be at risk. In the filing, Ripples lawyers claim that the case is not relevant as the statute of repose had expired and state: Plaintiffs Complaint is self-defeating: his own allegations as to when XRP was first offered for sale and how he purchased XRP require dismissal of his claims. The Veritaseum case may provide insight to XRP holders in the future regarding what happens to their assets. Indeed, theres LBRY CEO Jeremy Kauffman warns that the court decision threatens the entire U.S. cryptocurrency industry by setting a standard that would deem almost every cryptocurrency a security. XRP can be valued at up to $0.16 at a time. In such a scenario, a popular altcoin price prediction channel based on Youtube, the CryptoVault, suggests that Ripple prices could skyrocket towards the $14.32 mark by 2032. Additionally, it requested an FOIA from the regulatory body to shed more light on the issue. The Securities and Exchange Commission (SEC) classifies XRP tokens as unregistered securities in this case. Our Ripple price forecast for 2031 is a minimum value of $9.95 and an average price of $10.31. Although the lawsuit is still pending, Bitbuy believes the delisting is in the best interests of the company. If Ripple breaks the crucial resistance level of $0.4100, that will be a sign to reconsider its previously bearish outlook, with it being the next key area at $0.34. And thats not the end of it as cryptocurrencies in the U.S. can also fall under the purview of the Commodity Futures Trading Commission (CFTC). The platforms executives, on the other hand, gained a number of advantages as a result of this. They predict that by 2023, XRP will reach a maximum value of $1.25.This prediction relies on Ripples ability to find new partners, as well as its success. The below quote reflects XRP in the good times and the bad. With the use of the XRP token, the company intends to lower the cost of using Ripples network and increase transaction speed. Realistically, if XRP is considered to be a commodity by the US courts sometime in the near future, then it is likely that well see the price retest last years high of $0.50 before potentially breaking towards $1 if FOMO traders pile into the rally. Ripple (XRP) will be the best cryptocurrency to replace SWIFT in the near future due to its network. Ripple allegedly raised $1.3 billion in unregistered securities offerings since 2013. However, if Ripple is successful in getting more banks to use its platform and currency, then it is likely that the price of XRP will continue to increase. And if its rejected, Ripple can either try to reach a settlement with the plaintiffs or continue the legal battle to prove XRP is not a security. The value of the asset rose all through 2017 and into the early period of 2018 when it got to an all-time high of $3.84. According to the SEC, XRP is not registered and thus unregistered as security. For example, The XRP Ledger has been developing its own sidechain, which has just started to go through testing. But it will most likely not happen next year. Investing in or trading cryptoassets comes with a risk of financial loss. In a worst-case scenario, transaction fees will almost certainly fall. Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance. Could you be next big winner? Exchanges under regulatory scrutiny can only list securities that have been approved by a government agency or decentralized. For the past few days, the Ripple price is bullish. Some observers expected the price of XRP to rise in the event of Ripple winning the case, while others expected it to fall. Its price has tremendously spiked in the last few days. XRP is a Commodity - All The Money - What Price Can XRP Reach? Can XRP reach $1 soon? While the exact reason for the price decline is not clear, it is likely due to a combination of factors including the overall bearishness of the cryptocurrency market and concerns about the future of the Ripple network. Regulators use the Howey Test to determine the classification of a crypto asset which consists of three questions. Technically, the virtual asset is centralized, and its parent company, Ripple Lab, strives tocreate partnershipswith traditional financial institutions like banks. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. Some proponents of Ripples case see XRP explode to an extraordinary price of $589 if its assigned commodity status, although no supporting evidence has been provided to back up the crazy prediction. The website makes predictions based on the past performance of the coin and analyzes various technical indicators. This has been a long-standing issue faced by Ripple but in the past has found allies with some regulators. U.S. stocks opened higher Friday, with major benchmarks on track for modest weekly gains, as investors await data on the services sector of the economy. Coinbase will suspend XRP trading on Tuesday, January 19, 2021 at 10 a.m. PST, in response to the SECs recent action against Ripple Labs, Inc. Furthermore, the panellists predicted that the price of XRP would reach USD 2.98 by 2030 if Ripple maintained its current trajectory. With just an internet connection, you can complete various transactions. Reischer notes a favorable conclusion would be beneficial to the entire crypto industry because it is necessary to offer clarity and confidence for the entire industry. Its impossible to know for sure when XRP will be officially listed as a security or commodity. Central banks can use a variety of secure, controlled, and flexible solutions to manage digital currencies. The trend is currently neutral; however, it might retest the 0.618 Fibonacci level around $0.89 before moving to the upside. There is another asset class that it may belong to (money), but it is not a security. Second, even if the SEC decides that XRP is a security, it could take a while for it to be listed on exchanges. - Somsubhra; 5 What will happen to the price of Ripple (XRP) if it is legally 6 SEC v. Ripple: CFTC Commissioner explains "Commodity or 7 Courts Will Decide If Ripple's XRP Is A Commodity; 8 XRP Isn't A Security, Declares Former CFTC Chairman - Forbes; 9 CFTC . supply of 100,000,000,000 XRP coins. Ripple price prediction for 2024 suggests XRP prices could trade at a minimum value of $0.76, an average trading price of $0.78, and a maximum level of $0.89. Ripple is focused on a certain goal. So far, Ripple has been successful in getting some major banks to use its platform. In his interview with Pompliano, Garlinghouse again talks about Ripples investigation into moving its business off-shore. To be a cost-effective, fast, and efficient currency, it is intended to be used by cross-border payments. Coinbase has a long history of supporting the XRP community, and we will continue to do so as the situation changes. Signup for our newsletter to stay in the loop. The market appears to be gearing up for some volatility, as it has been quite stagnant over the past few days. The SEC lawsuit complicates the whole issue even further. Our XRP price forecast for 2023 is Ripple prices to attain a minimum price of $0.52 and an average forecast price of $0.53. The tokens value got to as high as $0.8 before finishing the year at $0.66. The Australian dollar has fallen a bit during the trading week to test 0.67 level, an area that has been important multiple times. Reality or Hopium?Chapters00:00 Intro05:39 LightFTSO Tweet Thread - 280k FRL grant on Jan 8t. It has been said that the Ripple remittance deal is setting the stage for the much broader adoption of Ripple. Ripples Q2 profits report revealed that even with XRPs price dropping, the demand for their On-Demand Liquidity service increased ninefold yearly. But if XRP is declared a commodity, you know where . The XRP price has been consolidating in a sideways channel since the crypto market crash in May 2021. That ruling defined a security. Elsewhere, he views the outcome as a fundamental setting, an important precedent applicable to other cryptocurrencies, such as Bitcoin, especially by leading financial institutions. As of now, there are a considerable number of firms that choose ODL over XRP. Bitcoin Does Not Need to Worry About Any COVID-19 Vaccines, Impulsive Psychopaths Like Crypto, Says Recent Research Report, Ether Beats Bitcoin as a Store of Value, Says Goldman Sachs Global Macro Research, Highlights From CryptoCompares Crypto Exchange Review Report for April 2021, A Few Highlights From CryptoCompares Crypto Exchange Review Report for March 2021, Analytics Firm Santiment Seeing Very Bullish Activity Around These 5 Altcoins, Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase, Geopolitical Tailwinds Have Strengthened Long-Term Value Proposition of Crypto: CryptoCompare Report, VanEck Launches ETNs for Terra ($LUNA), FTX Token ($FTT), and Algorand ($ALGO), Ripples Global Head Institutional Markets Talks About XRP-Powered ODL at CCDAS 2022, Exclusive: 21Shares President on Huge Success of $SOL and $DOT Products and Why They Use CryptoCompares Price Data, Solana Network: Highlights From Breakpoint Conference Paint a Very Healthy Picture. However, it is not so simple for XRP. It is essential for the whole of the industry to have a thorough understanding of any duties, and regulatory expectations set out by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), and any other financial compliance agencies. Put simply, Bitcoin and Ethereum are more like bank accounts. The SECs argument that anything other than the *way* something is sold is a security is a big load of nonsense. After the lawsuit, more traders are acting bearish with the XRP cryptocurrency, raising fears that it could drop to below 10 cents. XRP, Ripple's native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. According to Ripples claim, there is a 100,000,000,000 total supply of XRP which was entirely minted when the network was launched. Scams Crypto101 HodlX A break of either one could signal an influx of volatility. Overall, XRPs technical analysis suggests that it could break either way from the tight range it is trading in at the moment. A notable development as a turnkey solution for financial institutions, Ripple Liquidity Hub will leverage smart order routing to source digital assets at optimized prices from market makers, exchanges, and OTC desks. Frankly, most of our customers are non-US customers by a long shot today and so we could absolutely continue to build the business and grow. Ripples XRP tokens are estimated to be worth nearly $60 billion, and they will be valid for years to come. XRP lost almost half of its market value, causing retail holders of XRP with no connection to Ripple the very people the SEC purports to protect to suffer billions of dollars in losses. The $589 price is derived from the expectation that a legitimate usage of XRP will mean the coin displaces Bitcoin (BTC) in terms of market capitalization. [INVESTOR] Please join us in welcoming the XRPetc ETC Group physical XRP (Ticker: GXRP) to the London Stock Exchange on April 22, 2022. Could it be because Elon Musk has now joined Ripple and charged straight into the United States Securities and Exchange Commission (SEC)? Ripple and XRP have been hounded with controversies and lawsuits. After this, there was no going back for the asset, as it had snared the attention of crypto enthusiasts who saw the value it created and the potential it had. Please note that attempting to make any ripple price predictions for 2030-2050 is a challenging task due to the many unknowns of the future. Ripple CEO Brad Garlinghouse is sharing his insights into what the payments firms future will look like if XRP is declared a security by the United States government. A ruling was expected from the U.S. District Court for the Northern District of California at a hearing on Wednesday, Jan. 15. Ripple and XRP Altcoins Next up, 40% in a year! Nonetheless, it is a cryptocurrency that could outlast others due to its many distinctive features and landmark developments. However, Judge Phyllis J. Hamilton took the motion under submission and theres no fixed date for her announcement. The XRP Ledger consumes 61,000 times less energy than a proof-of-work blockchain. The current Ripple price prediction by Wallet Investor is bullish for short-term trading.XRPs rise in price is expected to reach up to $0.392 and a minimum of 0.356 in the next few days. On Dec. 22, the US SEC filed a lawsuit against Ripple alleging that XRP was a security. Market experts believe that the XRP price as of 24th February 2021 looks healthier than it has been in recent months, with a rise of 4.01%. And it is most likely that smaller currencies will fall under the security label. At least I know what I'm betting against. Despite the fact that Ripple had some success during the hearings, the final result of the lawsuit is still unknown, which is very important to keep in mind. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY The lawsuit has continued for three years, with both parties submitting final filings and waiting for a decision. It can be tokenized, and that token could potentially be backed by gold, which would be requisite for it to be adopted as the global international payment currency. These figures demonstrate just how substantial this decline is. This led to the value of XRP plummeting to as low as $0.166. Allowing Sostack to challenge the classification of XRP, would not only threaten to eliminate XRPs utility as a currency, but it would upend and threaten to destroy the established XRP market more broadly a market involving over $500 billion in trading over the last two years, the companys legal team warned in the motion. This has been a long-standing issue faced by Ripple but in the past has . The ripple transaction protocol is quite efficient too. Commodities survive those who aggregate them. Just a week after the US SEC lawsuit filing, the XRP (Ripple) price plunge to $0.171. 3 Is Xrp A Commodity? XRP is a digital asset that is used to facilitate cross-border payments. The XRP can still be deposited and withdrawn. The rest is held by the company that releases it periodically to control the supply and circulation of the token. For one thing, a strong community of supporters and developers continues to see tremendous potential in Ripples technology and products. Only a few experts predict that XRP will reach $10 within the next few years. But there has been a contradicting opinion whether XRP (Ripple) is a commodity or security with regulators worldwide. This enables programmers to use the Ripple Ledger to execute Ethereum smart contracts. Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchenss quote: Being a writer is what I am, rather than what I do. Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration. It uses a similar remittance process used by banks and financial middlemen like SWIFT for international money and security transfers. In the current market, there are 49,377,587,823 XRP. Ripple could surge to a maximum value of $1.89 during 2026. "It's up in the air [to be . But this was soon followed by a massive drop in value that affected every other cryptocurrency, too; many had labeled the incredible run of the industry as just a bubble, and like every bubble, it was going to burst. CoinGate, a blockchain payment processor, is adding XRP as a tradeable, payable, and payment-acceptable asset for non-US users. Interesting to see what happening here because XRP/BTC & XRP.DOM have invalidated the normal crashing moves that they been doing all the way down since the rejection but this may be due to some excitement going on in the space but lets wait & see what happens in a week or 2 first . Specifically, the SEC claims that XRP isa securitywhose offer and sale can be made only pursuant to a statutory prospectus and an effective registration statement and that because Ripple did not file a registration statement its investors have a rescission right. Ripple has maintained XRP is not a security but its latest arguments relate only indirectly to the substance of the case. You should do your own research before embracing new technologies or making financial decisions. The technical indicators also suggest that the bulls may have an edge over the bears in the short term. When Will XRP Be Adopted? If [XRP], in fact, is a security, we would have to get a broker-dealer license. This prevents users from spamming the network with requests. Also read: New Guidelines Subject Canadian Crypto Exchanges to Securities Laws. According to a company statement, its new cross-border payment solution, xRapid, will allow banks to send money from one location to another. Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions. The cryptocurrency fell over 17% Tuesday, to trade around 46 cents. The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. In its preliminary, The SECs filing, based on an overreaching legal theory, amounts to picking virtual currency winners and losers as the SEC has exempted bitcoin and, Ripple continues to expand its operations to other regions like Asia. XRP, according to the SEC, is an issuer whose offer and sale can only be made through a statutory prospectus and an effective registration statement, and because Ripple has not filed a registration statement, its investors have a right to cancel the offer and sale. EOS, Maker, Polymath, Stellar, Tezos, and other securities received higher scores from other Cryptocurrency Scores. This isn't to compensate traders. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Ripple CTO Explains Why XRP Is a Commodity, /latest/2023/01/ripple-cto-explains-why-xrp-is-a-commodity/, /latest/2023/03/crypto-community-gives-its-litecoin-ltc-price-prediction-for-march/, Crypto Community Gives Its Litecoin ($LTC) Price Prediction for March, Major Crypto Trading Platform Uphold Reaffirms Support for $XRP, $1.3 Billion Digital Asset Management Firm Says Crypto Market Set for Largest Ever Bull Cycle, Coinbase Solidifies Leadership Position with One River Digital Acquisition, Crypto Investment Products AUM Surge as Sector Continues to Outperform Traditional Investments, Shiba Inu ($SHIB) Is Largest ERC-20 Holding by USD Value Among Top 2000 $ETH Whales, Strategist Van de Poppe Gives Bitcoin Price Outlook for 2021, Predicts Market Top Years Away, Crypto Trader Tyler Swope: Dont Miss on These Two Small-Cap Altcoins, Key Bitcoin Miner Metric Points to Potential Price Dip Ahead, Abras CEO Calls Cash Worthless, Holds 50% of Portfolio in Bitcoin, Bitcoin Could Close Month on Second Highest Level in History, Peter Brandt Says, Hedgeye CEO Sells All His Bitcoin, Says Market Decelerating, Decentralized Exchange Token $DYDX Surges 200% Amid Rising Trading Volume, Ripples Former Lead Engineer on 3AC Founders Plans To Start a New Crypto Exchange, BitMEX and Kraken in the Lead With Regard to Proof-of-Reserve Status, Says Nic Carter, Santander UK Is Going to Impose Limits on Payments to Crypto Exchanges, Kraken Co-Founder Jesse Powel Stepping Up To Become Chairman of the Popular Exchange, Shiba Inus $LEASH Token Gets Unleashed on Financial Trading Platform BlueBit, 2022 In Review: The Medias Stigma Around Cryptocurrency Persists, $ETH: Three Reasons to Believe Ethereum Is Not Deemed a Security by the U.S. SEC, PwC Hong Kong Buys Land in Ethereum-Powered Metaverse The Sandbox ($SAND). On Dec. 22, the US SEC filed a lawsuit against Ripple alleging that XRP was a security. Since last December, when the SEC filed suit against XRP, the price of the currency has skyrocketed. For updates and exclusive offers enter your email. Ripple XRP price forecast for 2025 is a minimum price of $1.09 and an average forecast price of $1.13. The SEC is still working on developing its regulatory framework for digital assets. The second stage, which will let any developer join the network, will start in early 2023 and become online in the years second quarter. However, theprice pump by retail investorsand traders has allowed it to pick up again. This is default text for notification bar, with its price at $ 1.81 in recent data by Crypto.co. Many market experts have positive outlooks on XRP and believe it could reach new heights in the future. +1.08%. After a bear market, it is likely that XRP will rise in tandem with bitcoin. Indeed, successive events affect our XRP Price Prediction, but we hope for greater clarity. The coin has also recovered in the past week to above $0.22. Unlike them, it doesnt seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. Currently, the RippleNet ecosystem does not require owning or transfers in XRP. It has a total market cap of $83,260,210,209 with its price at $ 1.81 in recent data by Crypto.co. The plaintiffs claim they lost money and insist they should be compensated by Ripple, its subsidiary XRPII LLC, and Ripple CEO Brad Garlinghouse. Will this be the end of a tumultuous stage for Ripples XRP? Ripple, the company that owns the XRP cryptocurrency, has been in the news a lot recently. If your coins give more value out of their derivative products, they are likely to be considered a commodity. Before 2017, the assets value hovered around $0.01, but this soon changed as the token began to gain wider coverage, and it also leveraged on the bull run of the crypto industry in that year. The XRP Ledger can be accessed only through a private network by using an open-source XRP Ledger. Instead, XRP is a digital asset that is used to facilitate international payments and other financial transactions. B2BinPays New Partnership With the Athletic Club Is a Triumph for Ride With BitKeep and Seize the Opportunity as Arbitrum Argonaut Makes Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3. Ripple Ledger is a public blockchain open source and free to use that aims to speed up and lower payments. It is a fact that the recent partnership of Ripple with the Japanese payment giantSBIhas brought the attention of various technical corporations across the South Pacific region, and it is expected that the entire region will see an expansion and adoption of Ripple tech. While the mining of cryptocurrencies is a power-hungry process, minting, the process XRP uses requires no resources. Anybody who's buying and selling XRP in the United States would have to get a broker-dealer license." The head of the San Francisco startup has publicly discussed the possibility of the firm moving to friendlier regulatory jurisdictions, or at the least, regions .