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<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/news/is-xrp-a-candidate-for-global-reserve-only-xrp-and-btc-attain-non-security-status-in-the-u-s-ripple-cto/">Is XRP A Candidate for Global Reserve? Only XRP And BTC Attain Non-Security Status In The U.S. – Ripple CTO</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ripple Labs’ native cryptocurrency- XRP —has achieved a nonsecurity status, as announced by Judge Analisa Torres. This landmark decision places XRP in the exclusive company of Bitcoin as the only cryptocurrency with regulatory clarity in the United States. Ripple Labs’ CTO, David Schwartz, confirmed the announcement through a recent <a href="https://www.youtube.com/watch?v=esRMojalcpA" rel="noopener noreferrer nofollow">video</a>, fueling enthusiasm among digital asset investors.</p> 
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   <p lang="en" dir="ltr">“Other than Bitcoin, XRP is now the only digital asset with regulatory clarity in the United States. Yeah, I’d applaud for that one too!” <br><br>—<a href="https://twitter.com/JoelKatz?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@joelkatz</a> during The Future Outlook of the <a href="https://twitter.com/hashtag/XRPL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPL</a> on Day 1 of <a href="https://twitter.com/hashtag/ApexDevSummit?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ApexDevSummit</a><a href="https://twitter.com/hashtag/BuildWithConfidence?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BuildWithConfidence</a> <a href="https://t.co/yScPAm3ZFV" rel="noopener noreferrer nofollow">pic.twitter.com/yScPAm3ZFV</a></p>— RippleX (@RippleXDev) <a href="https://twitter.com/RippleXDev/status/1699852697837412423?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 7, 2023</a> 
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<h2 id="ripples-regulatory-odyssey" data-name="ripples-regulatory-odyssey" class="wp-block-heading"><strong>Ripple’s Regulatory Odyssey</strong></h2> 
<p>This news brings much-needed respite for XRP, following years of intense litigation with the U.S. Securities and Exchange Commission (SEC). Despite the SEC planning an appeal, the court’s judgement has already had a cascading effect, renewing investor confidence and enabling XRP’s relisting on esteemed exchanges such as Binance.US, Coinbase, and Kraken.</p> 
<h2 id="xrp-a-candidate-for-global-reserve" data-name="xrp-a-candidate-for-global-reserve" class="wp-block-heading"><strong>XRP: A Candidate for Global Reserve?</strong></h2> 
<p>Ripple Labs’ CTO, David Schwartz, has also made a provocative assertion: XRP could, theoretically, replace the U.S. Dollar as the world’s reserve currency. Should this possibility materialize, it represents not merely a watershed moment for Ripple but a tectonic shift in global economics. In this new world order, we could envision governments holding digital assets in the same vein as traditional fiat currencies.</p> 
<p>The verdict has had an electrifying impact on both Bitcoin and XRP, especially given that these are the only two digital assets to receive the U.S. stamp of regulatory approval. This newly minted clarity will likely embolden both individual and institutional investors to engage more deeply with these digital assets, either as investment vehicles or for broader technological applications.</p> 
<p><em>Now Read – </em><a href="https://coinpedia.org/news/sec-files-reply-memorandum-in-ripple-case-find-out-possible-outcome/" rel="noopener noreferrer nofollow"><em>SEC Files Motion to Expedite Ripple Case, XRP Dips 0.04%</em></a></p>

Is XRP A Candidate for Global Reserve? Only XRP And BTC Attain Non-Security Status In The U.S. – Ripple CTO

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