Ripple Foundation’s chief market strategist Corey Johnson said that XRP is not a security in an interview, CNBC reports April 12. Johnson told CNBC Wednesday that Ripple was not a security as to allay speculation that XRP had not been added to cryptocurrency exchange Coinbase due to questions over its status. Johnson said, “We absolutely are not a security. We don’t meet the standards for what a security is based on the history of court law.”
Coinbase and Ripple had discussed the possibility of adding its cryptocurrency XRP to the exchange, but according to Johnson, they did not broach the topic of XRP’s status with regulators.