Ripple CTO Schwartz Hits Back at SEC Over XRP Security Claims

Ripple CTO Emeritus David Schwartz recently challenged the way the SEC handled its legal case against the company. He argued that the regulator treated XRP as a security even after acknowledging the token is essentially just code. This public rebuttal follows comments from a former SEC attorney who attempted to defend the agency's stance on the long running lawsuit.

Schwartz pointed out that the SEC logic went far beyond the actual conduct of Ripple. He suggested that the agency pushed a theory that unfairly labeled the asset itself, creating confusion for investors and developers alike. His comments highlight the ongoing frustration within the crypto industry regarding how regulators apply decades old laws to digital assets.

This dispute reminds traders that regulatory clarity remains a major hurdle for the market. While the court case has seen various rulings, the debate over how government bodies define tokens continues to impact sentiment. Observers are now watching to see if this pushback leads to more formal updates on how agencies categorize crypto assets in the future.