Garlinghouse: CLARITY Act failure doesn't change XRP's non-security status
- —The CLARITY Act failed a Senate cloture vote 49-50 on September 15
- —Judge Torres ruled in 2023 that XRP is not a security by itself
- —Crypto rules now come mainly from SEC and CFTC rulemaking and courts
- —Garlinghouse acknowledged a future regulator could take a harsher stance
Why it matters: Without legislation, XRP's status rests on a court precedent that a future SEC leadership could more easily challenge.
Source: Coinpedia
More on this
Regulation · Sep 16Ripple and Strategy: CLARITY Act failure leaves XRP and BTC legal status unchanged
Regulation · Sep 17Garlinghouse: after CLARITY Act failure, optimism persists via SEC and CFTC
Regulation · Sep 16Garlinghouse: CLARITY Act failure is disappointing, but US crypto future optimistic