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Binance CEO Defends Ripple, Says XRP Is Not a Security

Mar 6, 2019😃Bullish

Binance CEO Changpeng Zhao says he believes XRP is not a security.

I think people are aware that there is a lawsuit against XRP on whether they're a security asset or not. Our judgment is they’re not, and until proven that they are, we listed them, and luckily we actually dragged other exchanges to list them.

The markets vote with their feet, as I say, and XRP is one of the largest market-cap coins, and it's like that for a reason.

Ripple is accused of selling XRP as an unregistered security. On March 1st, a judge ordered the case to stay in federal court.

The decision has the potential to benefit Ripple, as corporate defendants are often perceived to get more favorable judgements in federal court.

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