MAJOR! XRP Gets Regulatory Nod From European Think Tank

By Vince • March 19, 2024 9:30 pm • Comments

XRP has gotten a regulatory nod from one of Europe’s leading think tanks on corporate governance and public policy.

The European Corporate Governance Institute (ECGI) recently affirmed that XRP is not a security in its latest report, which you can read here.

This decision is consonant with the previous decision from U.S. courts that secondary sales of XRP do not constitute securities sales because XRP does not meet all the criteria of the Howey Test.

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XRP is now the only token with regulatory clarity, which should help Ripple Labs in its quest to become the hub of real-world asset tokenization and cross-border settlements.

Here’s what everyone is saying about ECGI’s classification of XRP as a non-security asset:

ZY Crypto had more information about ECGI and their recent paper:

The European Corporate Governance Institute’s paper, entitled: “Corporate Governance Meets Data and Technology,” explores the evolving fundraising techniques in the blockchain space.

Authored by Wei Jiang of Emory University and Tao Li of the University of Florida, the paper delves into different fundraising mechanisms, including Initial Coin Offerings (ICOs) and Security Token Offerings (STOs).

Brett Hill and others welcomed the news: “That’s amazing news! The acknowledgment of XRP as a non-security by the European Corporate Governance Institute is a significant milestone for the XRP community.

It’s great to see recognition and validation for XRP’s status. This positive development will surely boost confidence and optimism among XRP supporters.”

According to ETH News:

A significant portion of the document focuses on the transformative potential of blockchain technology in redefining shareholder governance and business operations.

This aspect of the paper is particularly relevant when considering its implications for Ripple, a prominent player in the blockchain space known for its payment protocol and exchange network.

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