Ripple CTO David Schwartz says SEC kept treating XRP as a security after calling it “just code”
AI Market Summary
Ripple CTO David Schwartz said the SEC continues to treat XRP like a security despite prior public characterizations of it as "just code". While there is no new enforcement action, the comments underscore that regulatory classification risk remains unresolved after the 2023 mixed court outcome. Persistent ambiguity can weigh on exchange listing decisions and the pace of institutional custody and compliance approvals for XRP-related products.
Impact level
● Medium
Affected assets
XRP/USDT+3.17%
AI Insight · XRP/USDTAI Insight
● Neutral
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Ripple CTO David Schwartz said the U.S. Securities and Exchange Commission has continued to treat XRP as a security even after describing the token as “just code.” He said the agency’s posture has not meaningfully changed following Ripple’s partial court win in 2023, leaving XRP’s legal status unclear. The situation does not involve any new penalties, bans, or enforcement actions, but it has reinforced market perceptions of uncertainty around XRP’s compliance path, which could affect exchange listing decisions and the pace of institutional custody support.
