$XRP

The US government has been in a difficult position towards Ripple and its digital currency XRP due to the legal and regulatory challenges the company has faced with the US Securities and Exchange Commission (SEC). In 2020, the SEC filed a lawsuit against Ripple, accusing the company of selling XRP as an unregistered security, which created a wide controversy in the cryptocurrency market.

The US position so far

1. Legal issues: In 2023, Ripple achieved a legal victory when the court ruled that XRP is not a security in most cases, which removed some regulatory doubts. However, this decision did not completely end the case, as there are still some legal details pending【6】【7】.

2. Regulatory direction: The US government is seeking to regulate digital currencies more to protect investors and ensure transparency. However, this does not mean direct support for companies like Ripple. Recent decisions reflect a combination of recognition of Ripple’s technological utility and concerns about regulatory compliance【8】.

3. US Partnerships: Ripple is looking to build partnerships with US financial institutions to support cross-border payments, but without clear or formal support from the federal government【10】.

Future Directions

If Ripple reaches a final settlement with the SEC and proves its compliance with the laws, the relationship with the US government is likely to improve.