XRPL Validator: XRP Is Not A US-Based Crypto, It’s a…
2025-06-29 22:09:18
Main Idea
An XRPL validator argues that XRP is not a U.S.-based cryptocurrency due to its decentralized, borderless design and lack of regulatory oversight by any single country, including the U.S.
Key Points
1. XRP was fully issued in 2012 and is not subject to any single country’s regulatory oversight, including the U.S.
2. The XRP Ledger (XRPL) is a decentralized, open-source blockchain that does not require permission to use or build on, making XRP unique among digital assets.
3. Despite Ripple being headquartered in San Francisco, XRP’s neutrality and architecture mean it cannot be classified as a U.S. crypto.
4. A 2023 U.S. court ruling affirmed that XRP is not a security in relation to Ripple’s institutional sales, reinforcing its global use as a bridge currency.
5. XRP is widely used in Ripple’s On-Demand Liquidity (ODL) corridors across regions like Latin America, Europe, the Middle East, and Asia.
Description
In a firm rebuttal of persistent misconceptions, XRPL validator Vet has clarified that XRP is not a U.S.-based cryptocurrency. Instead, Vet describes it as a neutral, counterparty-free digital asset with no jurisdiction and no issuer. The clarification, posted on X, challenges the widespread notion that XRP’s identity is inherently tied to the United States, largely due to Ripple, the leading company building on the XRP Ledger (XRPL), being based there. Vet emphasized that XRP’s origins and tech...
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