According to lawyer Bill Morgan (Bill Morgan), Ripple's silence on XRP over the years has been a deliberate legal strategy aimed at avoiding strengthening enforcement actions by the U.S. Securities and Exchange Commission (SEC). The company significantly restricted promotion of XRP and XRPL between 2018 and 2020, fearing it would fuel claims of "unregistered securities." Now, this caution may pay off, as a clause in the draft of the U.S. (Clarity Act) proposes that by January 1, 2026, tokens held in ETFs listed in the U.S. (such as XRP) will not be classified as securities under the Securities Act of 1933.
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According to lawyer Bill Morgan (Bill Morgan), Ripple's silence on XRP over the years has been a deliberate legal strategy aimed at avoiding strengthening enforcement actions by the U.S. Securities and Exchange Commission (SEC). The company significantly restricted promotion of XRP and XRPL between 2018 and 2020, fearing it would fuel claims of "unregistered securities." Now, this caution may pay off, as a clause in the draft of the U.S. (Clarity Act) proposes that by January 1, 2026, tokens held in ETFs listed in the U.S. (such as XRP) will not be classified as securities under the Securities Act of 1933.