XRP Holder Poses Five Challenging Questions to Ripple’s CTO That Everyone Wants Answered

Following back-to-back court victories, the XRP community has raised questions on whether Ripple can now onboard U.S. partners.

Ripple’s quest to gain regulatory clarity for XRP has recently achieved remarkable success. In July, a U.S. district court judge, Analisa Torres, ruled that secondary XRP sales do not constitute securities transactions, making XRP the only crypto asset outside of Bitcoin to have such clarity.

Earlier this week, Judge Torres upheld the July decision, denying the United States Securities and Exchange Commission (SEC) the right to appeal until a final ruling on other matters raised in the court case.

In view of the recent wins, a concerned XRP holder with the X handle, Mr. XRP, has raised questions on whether the cryptocurrency has seen some adoption from U.S. institutions since the July court verdict.

Has XRP Adoption Taken Off In the US?

The SEC’s allegations that XRP is a security has largely put off companies wanting to adopt Ripple’s technology, with crypto exchange even delisting the asset at some point.

However, in the aftermath of the courts declaring XRP a non-security when traded in secondary markets, many U.S.-based exchanges, including Coinbase, have relisted XRP. 

But not much is known about the institutional side of things. Mr. B XRP sought to get clarity on that angle of XRP adoption, with four questions requiring a response from Ripple’s Chief Technology Officer (CTO), David Schwartz.

Firstly, the XRP enthusiast asked whether any U.S. financial institution has adopted XRP since the July ruling.

Second, he wanted answers on whether the more recent decision to deny the SEC’s appeal finally opens up opportunities for these institutions.

Mr. XRP also queried whether organizations have the mandate to announce to the public if and when they adopt XRP for payment flows and how far off such adoption news might be if there isn’t any.

The questions that I would love to ask @JoelKatz

1 – Since the judge's ruling in July have any US financial institutions used XRP in payment flows?
2 – Will the judge's ruling in denying the interlocutory appeal activate the use of XRP in the US or are there still some hurdles… https://t.co/Si10DEjV1Y pic.twitter.com/UiKz6wnl2a

— Mr. B XRP (@XrpMr) October 4, 2023

On a slightly humorous note, Mr. XRP also asked when Ripple’s CTO would be getting an XRP tattoo. Ripple CEO Brad Garlinghouse already wears one as a show of long-term commitment to the project.

It remains to be seen whether Ripple’s CTO will respond to the most recent questions about institutional XRP adoption in the United States.