The CLO of Ripple has reacted to Coinbase Legal Officer’s address of the confusion surrounding XRP security status following Judge Torres’ ruling. Shortly after Judge Analisa Torres ruled on the multi-year Ripple vs. SEC lawsuit, which brought clarity to the status of XRP, Coinbase Chief Legal Officer (CLO) Paul Grewal took to Twitter to address […] The post Ripple CLO Reacts as Coinbase CLO Addresses Confusion on XRP Security Status: “XRP is NEVER a Security” first appeared on The Crypto Basic.

Ripple CLO Reacts as Coinbase CLO Addresses Confusion on XRP Security Status: “XRP is NEVER a Security”

The CLO of Ripple has reacted to Coinbase Legal Officer’s address of the confusion surrounding XRP security status following Judge Torres’ ruling.

Shortly after Judge Analisa Torres ruled on the multi-year Ripple vs. SEC lawsuit, which brought clarity to the status of XRP, Coinbase Chief Legal Officer (CLO) Paul Grewal took to Twitter to address the confusion surrounding the ruling. 

Grewal’s tweet aimed to provide a clear and concise statement regarding the security classification of XRP, emphasizing that it is never considered a security.

In response to the ambiguity that emerged following Judge Torres’ ruling on Ripple’s XRP sales, Grewal remarked: “Don’t be misled that Judge Torres ruled that sometimes XRP is a security and sometimes it isn’t. That’s exactly the opposite of what she ruled: XRP itself is NEVER a security.”

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