some questions for @JSeyff and @EricBalchunas
the proposed token eligibility thresholds under the House’s CLARITY Act and the SEC’s expected ETP “fast-track” criteria explicitly emphasize decentralization metrics, including:
No group controlling more than 20% of validator voting power (criterion #2).
No issuer, affiliate, or insider holding more than 20% of token ownership (criterion #3).
Ripple’s ownership of ~40% of XRP’s total token supply — as cited in various sources — clearly breaches the 20% threshold under these draft standards. This does not automatically disqualify XRP from ETP approval, but it does raise a red flag regarding decentralization and insider control — two of the SEC's central concerns.
9.8K
5
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.