The NYU economist also warned bitcoin could “collapse” if Tether and Bitfinex are indicted this year.
Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.
Gary Gensler has taught courses about blockchain at MIT.
Clients residing outside the U.S. will be unaffected.
Data and traders reveal the source of XRP’s recent price rally could be Asia.
So far, the SEC has considered many applications for bitcoin-based ETFs and rejected them all.
The announcement came hours after Coinbase and OKCoin took similar actions.
The SEC order effectively blows up 1 billion TNT tokens.
The associates are also barred from selling digital securities for five years.
Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.”