Remember JP Morgan’s “coin killer”……..well it’s probably a security

A permissioned blockchain is a distributed ledger that is not publicly accessible. The bank said that JPM Coin is only made available to its institutional clients, and only for settling payments.

https://finance.yahoo.com/news/jp-morgan-activates-euro-payment-162831488.html#:~:text=A%20permissioned%20blockchain%20is%20a,as%20part%20of%20their%20business.

So where is the SEC on this one. IF JP morgan are selling this to institutional investors for the facilitation of settling payments they are potentially doing what ripple are currently being pinned for. If this isn’t registered with the sec based on the ripple decision JP Morgan are offering the sale of unregistered securities.

This all depends if the token is sold or if it actually is registered with the sec, but it’s not a token killer. It’s more than likely a security.