Crypto News

Here's a breakdown of what this declaration means and how it could impact the world of digital assets. The Controversy Surrounding XRP XRP, also known as Ripple, is currently the sixth-largest cryptocurrency by market capitalization, with a value of over $60 billion. However, unlike other major cryptocurrencies such as Bitcoin and Ethereum, XRP has been embroiled in controversy due to its classification as a security by the U.S. Securities and Exchange Commission (SEC). This classification has led to various legal battles and uncertainty surrounding the future of XRP. The SEC's Stance on XRP In December 2020, the SEC filed a lawsuit against Ripple, alleging that the company had violated securities laws by selling XRP as an unregistered security. This sparked a heated debate within the crypto community, with some arguing that XRP should not be considered a security, while others supported the SEC's classification. The lawsuit has also caused major exchanges to delist ...