Ripple's lawyer Bill Morgan recently went on the X platform (formerly Twitter) to directly refute a long-standing claim in the cryptocurrency circle that the legal status of XRP is "uncertain." His words have boosted the popularity of the XRP community.
Attorney Morgan directly called this the "biggest lie of the year", and his confidence came from the key ruling of Judge Analisa Torres in 2023. The ruling clearly stated: XRP sold publicly on exchanges is not considered a security! This ruling is a major turning point for Ripple and the entire cryptocurrency circle, and it severely hits the regulators' desire to "cut across the board" for all digital assets.
What impact does this have on XRP holders and investors?
Although the court has ruled, many people still doubt XRP, especially those cautious large institutional investors. They are always worried that the regulatory shadow has not been completely dispelled, and are still waiting for the SEC (U.S. Securities and Exchange Commission) to completely finish the lawsuit. In contrast, many ordinary investors are more optimistic about the actual use and potential of XRP.
However, things seem to be improving.
Ripple has been expanding its international payment business, especially in Asia, the Middle East and Latin America. XRP, as a "bridge currency" for fast and cheap cross-border transactions, has been remembered again. In addition, its fast transfer speed, low handling fees and decentralized ledger make XRP not only a hot topic, but also very useful in practice.
Why is this important now?
Unclear regulatory rules have always been a major stumbling block to the large-scale adoption of cryptocurrencies.
XRP is one of the few currencies that is backed by clear judicial precedents in the United States. The court has clearly stated that it is different from securities - this is a huge legal advantage!
Once this storm has completely subsided and this perception has changed, those large institutional funds that have been waiting on the sidelines may pour in.
The entire cryptocurrency market is recovering, and even giants like Sberbank are exploring the use of blockchain. XRP is now in a very special state: it is more legally strong, can be used globally, and is technically efficient.
What about the future?
Although the final outcome of the lawsuit between Ripple and the SEC has not yet been finalized, market discussions are becoming increasingly heated, and Ripple is taking the initiative in court. These all indicate that XRP may be entering a new stage: everyone is more aware of its legality, and even supervision may gradually relax.
As the entire industry becomes more mature and more countries come up with clear cryptocurrency regulatory frameworks, XRP will not only survive the competition, but may even become a benchmark for the industry.
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