Schwartz attempts to dispel the confusion on what constitutes a security and commodity in the crypto space.

Ripple’s chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity.

The Ripple executive did this in a tweet yesterday, surmising his thoughts on arguments made by lawyers of former Coinbase product manager Ishan Wahi in a motion to dismiss a civil suit filed by the US Securities and Exchange Commission (SEC). Schwartz surmised that securities give holders rights while commodities give holders abilities.

(By OKOYA DAVID)