Ripple’s Chief Legal Officer, Stuart Alderoty, asserted that XRP’s regulatory standing in the United States is now definitively clear, following years of legal battles and pronouncements from federal agencies. He highlighted a pivotal 2023 federal court decision and a subsequent interpretation by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in March, which classified XRP as a digital commodity.
Ripple and XRP on Firm Legal Footing
Alderoty stated that Ripple and XRP now occupy settled ground, with XRP’s legal and regulatory position remaining robust and unambiguous.
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