Ripple CTO Pushes Back on SEC's XRP Security Claims

Ripple CTO Pushes Back on SEC's XRP Security Claims

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Categories: Regulation Legal

Ripple's CTO Emeritus, David Schwartz, has refuted claims that the SEC's lawsuit against Ripple exclusively targeted XRP sales, indicating a broader focus on XRP's status as a security.

Ripple CTO Addresses SEC Lawsuit Focus

Ripple CTO Emeritus David Schwartz has pushed back against claims that the SEC’s lawsuit against Ripple focused only on XRP sales. This implies the lawsuit's scope extended beyond mere sales to the fundamental classification of XRP as a security, a long-standing point of contention.