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Ripple's CTO Defies IMF: Bitcoin, Ethereum Not Securities!

3/24/2025

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Summary

Story summary

Ripple's CTO, David Schwartz, challenges the IMF's view that utility tokens are securities, suggesting Bitcoin and Ethereum should be included.
The IMF's new framework classifies crypto assets based on financial claims, sparking debate over XRP's classification.
Schwartz argues that major tokens do not meet the IMF's criteria for classification.
Ripple is approaching a resolution in its legal dispute with the SEC concerning XRP's status.

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Story summary

Ripple's CTO, David Schwartz, challenges the IMF's view that utility tokens are securities, suggesting Bitcoin and Ethereum should be included.
The IMF's new framework classifies crypto assets based on financial claims, sparking debate over XRP's classification.
Schwartz argues that major tokens do not meet the IMF's criteria for classification.
Ripple is approaching a resolution in its legal dispute with the SEC concerning XRP's status.