Kyle Samani, Fortune’s “Balancing the Ledger”

Kyle Samani of Multicoin Capital – of which Chris Dixon of Andreessen Horowitz was a Limited Partner – says he is shorting XRP “based on the SEC’s guidance … about ether not being a security, it’s quite clear to us that Ripple is a security.” He adds that Multicoin has “very high conviction” that it [Ripple] is a security, but they “do not know when that news will drop”.

Source: @digitalassetbuy