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Ripple CTO disputes SEC's claim that XRP itself was only sold as an unregistered security.

Market News
14 Jul 2026
Crypto news
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Ripple's CTO Emeritus David Schwartz challenged the SEC's portrayal of XRP as solely a security sold through unregistered offerings, highlighting that the SEC's complaint described XRP itself as a security. The 2023 court ruling distinguished XRP tokens from the sales methods, penalizing institutional sales but not programmatic exchange sales. The case ended in 2025 with a mixed ruling, imposing penalties on Ripple for unregistered institutional sales while protecting other XRP transactions. This ongoing debate shapes XRP's legal narrative and investor understanding of its regulatory status.

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