
XRP News: New Proposal Seeks SEC Settlement with Ripple by Classifying XRP as a Payment Network
A new proposal has been presented to the U.S. Securities and Exchange Commission (SEC) regarding a potential settlement between Ripple, the company behind XRP, and the regulatory body. The proposal suggests that XRP be reclassified as a payment network instead of a security.
According to the document, this classification would not only resolve ongoing legal issues faced by Ripple but also enable XRP to reach its full potential in the U.S. financial system.