SEC Recognizes XRP as Non-Security, Ripple CEO Hails it as “Victory for Crypto”

The post SEC Recognizes XRP as Non-Security, Ripple CEO Hails it as “Victory for Crypto” appeared first on Coinpedia Fintech News

The US Securities and Exchange Commission (SEC) has officially acknowledged that XRP, the cryptocurrency associated with Ripple Labs, is not a security. This news comes as the SEC initiated an interlocutory appeal of a court ruling that dismissed its lawsuit against Ripple earlier this year. The crypto community has reacted positively to the SEC’s recognition of XRP’s non-security status, with some suggesting that it could pave the way for other cryptocurrencies to be classified as such. Ripple’s CEO, Brad Garlinghouse, called the acknowledgment a “victory for crypto.”