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XRPL Validator: XRP Is Not A US-Based Crypto, It’s a Neutral and Counterparty-Free Digital Asset
By Zaccheaus Ogunjobi
June 29, 2025
In an effort to clarify persistent misconceptions, XRPL validator Vet has come forward to emphasize that XRP is not a U.S.-based cryptocurrency. Instead, Vet describes it as a neutral, counterparty-free digital asset with no jurisdiction and no issuer.
This clarification serves as both a technical and philosophical reminder, highlighting the fundamental differences between XRP and other digital assets. At its inception in 2012, XRP was fully issued and does not rely on any central authority, government, or corporate entity for its issuance or operation. As such, XRP is not subject to the regulatory oversight of any single country, including that of the United States.
XRPL’s decentralized, open-source blockchain plays a pivotal role in Vet’s explanation. The XRPL requires no permission to use or build upon, making it an inclusive and accessible platform for global financial transactions. XRP, its native token, serves as a facilitator for seamless transactions, liquidity, and spam prevention, but operates independently of any issuer.
This design sets XRP apart from many other digital assets, which often rely on centralized issuers or algorithmic controls that respond to human governance. In essence, this neutrality makes it impossible to categorize XRP as a U.S.-based crypto, despite Ripple’s prominent role in the XRPL ecosystem.
The XRPL validator’s comments arrive at an opportune moment in XRP’s legal narrative. In 2020, the Securities and Exchange Commission (SEC) filed suit against Ripple, alleging that the company had conducted unregistered securities sales through XRP. This development fueled widespread confusion regarding whether XRP is a security or a U.S.-regulated asset.
However, Judge Analisa Torres’ July 2023 ruling delivered a decisive blow to these misconceptions. The judge determined that XRP is not a security when sold on exchanges or in programmatic sales, effectively separating the asset from Ripple’s institutional actions.
This verdict reinforced the notion that XRP exists as a standalone digital commodity, divorced from corporate-issued instruments subject to U.S. securities laws.
Source: timestabloid.com
