XRP’s Regulatory Challenges, Unresolved Queries

Due to the SEC’s assertions that XRP is a security, companies that wanted to implement Ripple’s technology have largely been dissuaded. A cryptocurrency exchange even delisted the asset at one point.

Due to the court’s decision that XRP is not a security when traded on secondary markets, several U.S.-based exchanges, including Coinbase, have relisted the digital currency.

However, information regarding the institutional side of things is lacking. David Schwartz, Ripple’s Chief Technology Officer (CTO), was tasked with providing answers to four queries posed by Mr. B XRP to obtain clarification regarding one facet of the adoption of XRP.

The XRP devotee first inquired whether any U.S. financial institution had accepted XRP since the ruling in July.

Second, he wanted to know if the most recent ruling dismissing the SEC’s appeal ultimately allows these institutions to capitalize on new opportunities.

Mr. XRP also inquired whether businesses must notify the public if and when they use XRP for payment transfers and how soon such adoption news could be expected if there is no current adoption news.

On a lighter note, Mr. XRP inquired when the Chief Technology Officer of Ripple would get an XRP tattoo. The CEO of Ripple, Brad Garlinghouse, already has one and wears it as a symbol of the company’s long-term commitment to the initiative.

Unknown at this time is whether Ripple’s Chief Technology Officer will respond to the most recent concerns regarding using XRP in U.S. institutions.