The XRP method of issuing coin is the problem they preminted and did not mine the currency then they sold them . Ripple which is the company minting the coins gets paid to do this.The SEC sees this as being the same as issuing securities without a liscence to do so . Bitcoin on the other hand is mined by a number of different miners has no central point of control the miners are rewarded with a coin if the solve the mining equation before someone else . Ripple is supposed to be used by banks but has had little if any success in attracting them as customers . If for some reason BTC was removed from exchanges we would go back to Peer to Peer exchange XRP cannot do this and remain true to its purpose because i do not see banks wanting to be associated with something that has fallen foul of the SEC .
