The Securities and Exchange Commission (SEC) has classified Ripple’s cryptocurrency XRP as “nothing but computer code” in a regulatory clash. The ruling by Judge Analisa Torres categorizes XRP as something other than a security. The SEC’s pursuit of XRP does not involve a comprehensive review of its fundamental nature and asserts that it lacks intrinsic value. This perspective is shared by regulatory bodies in the United Kingdom. The SEC’s negative view of XRP and its evolving stance on cryptocurrencies could set a precedent for how digital assets are regulated worldwide. The outcome of this case may shape the future of crypto regulations and their intersection with innovation and investor protection.

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