XRP Lawyers Reaffirm Regulatory Clarity: No Need for Clarity Act

Lawyers John Deaton and James Murphy, who won the high-profile case against the US Securities and Exchange Commission (SEC), have made a significant statement about XRP's regulatory status. In a recent panel discussion at the XRP Las Vegas conference, both attorneys stated that XRP already possesses full regulatory clarity as a commodity and does not require the proposed Clarity Act to move forward.

The federal court ruled in 2023 that XRP is not a security, and the SEC has since designated it as a commodity token. This development has led to a shift in the crypto sector towards practical treasury tools like Clear Connect, where usage builds first, and prices follow.

Ripple Treasury's new digital asset framework is powering live cross-border and intercompany settlements with XRP and RLUSD on the XRPL. Global banks and the Depository Trust and Clearing Corporation (DTCC) are accelerating adoption regardless of Washington politics.