Green Days Are Back for XRP After a Series of Legal Victories
The XRP community is questioning the adoption of Ripple in the United States following significant legal victories for the cryptocurrency. In July, a US district court judge ruled that secondary sales of XRP do not constitute securities transactions, giving XRP a level of regulatory clarity similar to Bitcoin. Recently, the same judge upheld her previous decision, denying the SEC’s right to appeal until final rulings are made on other aspects of the case. This has raised concerns about whether major US institutions are adopting XRP.
Mr. XRP’s Questions on U.S. XRP Usage To Ripple’s CTO
A prominent XRP holder known as Mr. XRP has posed five important questions to Ripple’s Chief Technology Officer, David Schwartz, regarding the state of XRP in the US. Firstly, Mr. XRP wants to know if any major US financial companies have started using XRP since the court decision in July. Secondly, he asks if the recent court decision against the SEC makes it easier for these companies to use XRP. Thirdly, Mr. XRP is curious if these companies are required to disclose their use of XRP to the public and when they might do so.
In addition to these questions, Mr. XRP also playfully inquires about when David Schwartz will get an XRP tattoo like Ripple’s CEO, Brad Garlinghouse.
Hot Take: The Future of Institutional Adoption
It remains to be seen whether Ripple’s CTO will address these pressing questions about institutional adoption of XRP in the United States. However, with the recent legal victories and growing regulatory clarity surrounding XRP, there is a possibility that more US financial institutions may consider incorporating it into their operations.
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