Senior Ripple executive rescinds major XRP confirmation

crypthub

1 day ago

XRP’s Legal Standing

U.S. courts have ruled that XRP is not a security when traded on secondary markets, giving it clear regulatory status as a non‑security digital asset. This decision removes uncertainty and means XRP does not rely on new legislation like the Clarity Act to operate in the United States. Market participants can now engage with XRP with confidence in its legal treatment.

Broader Crypto Regulatory Gaps

Despite XRP’s clarity, the United States still lacks comprehensive rules for the wider crypto ecosystem. Companies building infrastructure, services, and applications face inconsistent oversight and unclear boundaries. This regulatory vacuum slows innovation and puts U.S. firms at a disadvantage compared with jurisdictions that have defined rules.

Ripple’s Advocacy for Industry Standards

Ripple is actively supporting the Clarity Act, which seeks to create uniform market‑structure rules for all digital assets. The company argues that consistent legislation will level the playing field for builders, investors, and institutions. Ripple remains optimistic that such bills will soon deliver the needed clarity for the entire sector.