SEC Admit That Ripple Is Software Code

The recent news that Ripple and the SEC are embroiled in a legal battle over the status of XRP as a security has sent shockwaves through the cryptocurrency industry. The SEC has alleged that Ripple and its executives have violated federal securities laws by selling XRP as an unregistered security. Ripple has maintained that XRP is a digital asset and not a security, and that the SEC’s lawsuit is without merit. Recently…