@jakeclaverqfop: If Ripple drives XRP price, XRP becomes a security of Ripple. That was the core of SEC lawsuit. The ruling established that XRP price is not correlated with Ripple's success in a way that makes it a security. The entities that will drive price are R3, SBI, and other counterparties with independent vested interests. Ripple benefits from the appreciation through their balance sheet but cannot be the mechanism driving it. That separation is legally necessary for XRP to function as a commodity.

Jake Claver

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Monday 28 September 2026 20:02:56 GMT