Ripple Labs has confirmed that XRP's status as a non-security remains unchanged despite the ongoing legal process with the SEC.
XRP's Non-Security Status
Ripple Labs emphasizes that the legal classification of XRP as a non-security has not changed. The ongoing court case affects trading regulations, but retail markets operate without disruption.
Ripple's Operational Activities
The company continues its operations under court-imposed restrictions. A $125 million fine has been paid as part of the settlement process; however, Ripple asserts:
"Either way, XRP's legal status as not a security remains unchanged. In the meantime, it's business as usual."
Impact on Cryptocurrency Market
XRP trading on retail platforms remains stable, indicating strong market resilience. Institutional transactions are paused until compliance with legal requirements is met. The market is responding cautiously, with no significant shifts in the value of other cryptocurrencies.
Ripple's situation raises important questions about the need for improved regulatory frameworks for cryptocurrencies, as the current restrictions are seen as a temporary barrier rather than a market disruption.
