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Senior Executive At Ripple Drops Major XRP Confirmation
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Reece Merrick, a Senior Executive Officer at Ripple, recently addressed an important concern from the XRP community. The community member questioned whether XRP still needed legislation such as the Clarity Act to succeed when court rulings have already confirmed XRP’s legal status.
Merrick’s response distinguished XRP’s position from the U.S. crypto market. He stated that XRP has “secured clear regulatory status as a non-security digital asset in the U.S.” That clarity, he explained, already exists due to landmark court decisions. XRP does not need new legislation to validate its classification or to operate within the U.S.
What the Courts Resolved for XRP
The SEC lawsuit established a defining legal outcome. U.S. courts ruled that XRP itself is not a security when traded on secondary markets. This decision removed a major source of uncertainty and cemented XRP’s status as the only major altcoin with legal clarity in the U.S.
That ruling allows XRP to function without relying on future bills or agency reinterpretations. Market participants can engage with XRP knowing how it is treated under existing law. This certainty supports institutional confidence and long-term use.
Merrick reinforced this point by making it clear that XRP already stands on solid legal ground. Its success does not hinge on pending legislation.
Why Legal Clarity for One Asset Is Not Enough
Merrick then shifted the focus away from XRP alone. He explained that the U.S. “still lacks comprehensive regulatory clarity for the broader crypto ecosystem.” This gap affects companies building infrastructure, services, and applications across the sector.
Firms operating in the U.S. continue to face inconsistent oversight and unclear boundaries. That environment slows innovation and complicates growth. It also places U.S.-based entities at a disadvantage compared to jurisdictions with defined rules.
Merrick noted that this lack of clarity continues to “hold back US-based entities from fully thriving and innovating in this space.” XRP may have certainty, but the ecosystem around it does not.
Ripple Supports the Clarity Act
The Clarity Act focuses on market structure and regulatory responsibilities. It aims to provide clear rules that apply across the industry. Merrick explained Ripple’s position directly, saying that the company is “actively advocating for better, more thoughtful frameworks to level the playing field.”
This advocacy does not suggest XRP needs approval to grow. It reflects a push for consistent standards that support builders, investors, and institutions. Clear legislation reduces friction and gives companies confidence to operate at scale within the U.S.
Merrick also expressed confidence in the legislative process, stating that Ripple is “optimistic that progress on bills like the Clarity Act will deliver that much-needed clarity in the near term.”
Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*