Ripple CTO Declares ‘Tide is Turning’ on US Regulatory Environment

A recent court ruling has determined that Ripple’s XRP token is not classified as a security, which could indicate a shift in the regulatory landscape surrounding cryptocurrencies in the United States. This ruling may impact ongoing lawsuits against major exchanges such as Coinbase and Binance.US, as well as influence pending applications for exchange-traded funds (ETFs).

During the annual Apex developer conference in Amsterdam, Ripple’s chief technology officer David Schwartz shared insights on the implications of the federal judge’s decision that XRP is not a security when sold programmatically on cryptocurrency exchanges. This precedent could have significant effects on how cryptocurrencies are regulated moving forward.