Crypto News

The Verdict: Will XRP Be Ruled as a Security? According to Rispoli, the SEC's case against Ripple lacks strong evidence to prove XRP's status as a security. He argues that the Howey Test, a legal framework used to determine whether an asset is a security, does not apply to XRP. This is because XRP's utility as a means of exchange and value transfer makes it more akin to a currency or commodity, rather than a security. If the court rules in favor of Ripple, it could set a precedent for other cryptocurrencies and potentially lead to more regulatory clarity in the industry. The Impact on XRP's Price and Adoption The outcome of the case will not only affect XRP's regulatory status, but also its price and adoption. A victory for Ripple could see a surge in demand for XRP, leading to an increase in its price. This, coupled with more regulatory certainty, could attract more institutional investors and businesses to adopt XRP for cross-border payments and other use...