Can someone clarify why XRP is considered a security by the SEC but bitcoin and ethereum are not? Is it something intrinsic in the tech, or is it just that XRP is "managed" by Ripple, a company, whereas BTC/ETH are not?
The SEC does not considers Bitcoin a security, as it's "decentralised enough". Nobody is running Bitcoin alone, selling them alone...
The Ethereum sale was probably a security offering, but it is now "decentralised enough" too for the same reasons.
> Unlike Bitcoin, which issues new currency units through mining, XRP is issued by Ripple
Nobody can "print money" with bitcoin. That isn't the case with Ripple