XRP is classified as a "digital currency" by Goldman Sachs, Wells Fargo and HSBC
2022-08-16 20:35:42

Recently, U.S. District Judge Sarah Netburn approved Ripple's request to provide a nonpartisan subpoena to the video hosting platform to verify some videos of speeches by senior SEC officials. The XRP community believes that in addition to video, some publications that list XRP as non-secure may be helpful to some extent. It is Ripple that HSBC mentioned in DLT technology, pointing out that DLT can simplify end-to-end value transfer, reduce costs, operational risk and settlement cycles. For example, Ripple's XRP ledger provides real-time cross-border settlement, using tokens that represent the central bank's currency. In addition, in an op-ed, Ripple general counsel Stuart Alderoty referred to Rep. Sherman's remarks at a surveillance hearing at which he referred to XRP as secure. Alderoty said the SEC did not provide regulatory clarity by making rules, but by proposing or threatening to file enforcement cases to bully the market.