Peter Brandt: "SEC should recognize XRP as a security"

Analyst and experienced trader Peter Brandt (Peter Brandt) called the US Securities and Exchange Commission (SEC) recognize XRP securities.

According to Brandt, XRP from Ripple fully corresponds to the concept of security and must be adjusted. He stressed, that the cost of a coin can manipulate a large holder, And on Ripple wallets there are more than half of the released XRP.

“XRP must be recognized as a security, If SEC understands cryptocurrencies. This is a classic case, When a large asset holder manipulates the market ", - wrote a trader on the social network Twitter.

In early June, Brandt said, that XRP cryptocurrency is a fraudulent scam, and the cost of coins is constantly manipulated. Interesting, that recently Ripple for the first time in history has ransomed XRP from the market. In the III quarter 2020 year the company bought XRP on $46 million.