Jason Calacanis wrote on the social network X that XRP cryptocurrency should not freely bargain in the market as bitcoin, otherwise the laws of securities will be useless. If American financial regulators will classify XRP along with the first cryptocurrency, this will create chaos and instability in the markets – startups and funds will dump large volumes of coins to retail investors.
“Such chaos will be badly affecting America, because the world believes that we have stable and controlled markets – many are ready to invest their money in us and invest in our country. If investors had to go through a difficult test and they could trade XRP only after the successful passage of this test, they would know how dangerous it is to invest in such projects, ”Kalakanis wrote.
However, the founder of Crypto Law John Deaton, who defends the rights of the owners of the XRP, did not agree with the investor. He wrote in the comments that according to the Haui test, which helps to determine whether one or another asset refers to securities, XRP is not considered an investment contract.
Earlier, Kalakanis criticized Microstrategy for too aggressive buying a large number of bitcoins. The investor fears that this can disrupt the decentralization of bitcoin – people will have the feeling that Bitcoin is controlled by one company.
Source: Bits
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