XRP now ranks alongside Bitcoin as regulated coin in America
This is a significant milestone in an industry that has faced massive regulatory pressure from the United States Securities and Exchange Commission in the past few years. The nonsecurities status of XRP was defined by Judge Analisa Torres in the case between the firm and the market regulator.
According to Judge Torres, XRP is, in and of itself, not a security when sold to retail investors on secondary marketplaces. Despite the fact that the SEC does not agree with this verdict and is an interlocutory appeal on the ruling, the current status is that XRP is not an investment contract. The clarity on the status of XRP has helped elevate trust and confidence in the digital currency. Besides the
of the asset on popular marketplaces like Binance.US, Coinbase and Kraken, more industry stakeholders are now exploring avenues to employ Ripple's remittance technology, which utilizes the XRP token.As the first prominent digital currency, Bitcoin has always enjoyed being tagged as a nonsecurity by executives of the SEC.
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