Rich by Coin

On Wednesday, January 7, Reece Merrick, a senior executive at Ripple, clarified XRP’s regulatory standing in the United States despite ongoing SEC scrutiny. The comments come amid renewed debates about the need for the upcoming Clarity Act and the broader push for regulatory clarity in the crypto market. Merrick said XRP has a definitive legal standing and sits on firm ground among cryptocurrencies, with its non-security status established through landmark U.S. court rulings. He stressed that XRP’s status does not depend on new legislation to achieve regulatory clarity and that the market should recognize its established position.

He addressed lingering skepticism that XRP may still rely on legislation like the Clarity Act for regulatory clarity, noting that such debates exist even as the asset benefits from a solid legal foundation. The executive also highlighted that the United States still lacks comprehensive regulatory clarity for the broader crypto ecosystem, a gap he says inhibits innovation and growth for U.S.-based companies. Ripple is actively engaging with policymakers to promote clearer, more balanced regulatory frameworks for the wider crypto market, Merrick indicated. He expressed optimism that potential legislation, including the Clarity Act, could provide consistent rules for the industry, helping builders, investors, and institutions operate in a fairer environment.