Mark Cuban: The Ripple case ruling shows that not all buyers should be classified as investors.

Odaily News - In a discussion with Paul Grewal, the Chief Legal Officer of Coinbase, billionaire Mark Cuban expressed his disagreement with the U.S. SEC, stating that Ripple's recent victory in its legal battle with the SEC proves that not all buyers should be classified as investors. According to Cuban, the sole purpose of securities is to function as securities, which highlights the distinction between cryptocurrencies purchased on centralized and decentralized exchanges. He believes that analyzing blockchain transactions reveals the utility of tokens and their role beyond investment purposes.



In a tweet, he said, "They (SEC) call every buyer an investor in their filings. Not true, as Ripple made clear. Securities have one purpose, to be a security. For buyers in DeFi or CEX, there's no way to know why they buy. But you can look at the blockchain and see token utility-based transactions."



In response, Grewal compared the SEC's regulatory approach to Abraham Maslow's concept of "if you only have a hammer, everything looks like a nail." Additionally, John Deaton, a lawyer supporting Ripple, agreed with Cuban's statement. (Times Tabloid)