Why is XRP Still Excluded from Ripple's Liquidity Hub? Bill Morgan Clears the Air – Coinpedia Fintech News

  • XRP’s legal status is clear, but Ripple’s use of it remains under scrutiny due to the SEC’s ongoing lawsuit.

  • Ripple’s Liquidity Hub has expanded to include USDC and USDT, but XRP is still conspicuously absent.

  • The outcome of the SEC’s lawsuit against Ripple could have a significant impact on the future of XRP and its role in Ripple’s ecosystem.

Ripple’s XRP, once a darling of the cryptocurrency world, is now in a precarious position.

A recent discussion between legal expert Bill Morgan and community member Micah XRP highlighted critical insights regarding Ripple’s XRP, its status, and the implications of its ongoing legal saga with the SEC. Did they uncover something important? Let’s delve in.

The Big Question

At the heart of this dialogue was XRP’s recognition as non-security. Bill Morgan pointed out that while XRP itself is clear in its non-security status, the manner in which Ripple utilizes or trades it remains under scrutiny due to the SEC’s unresolved appeal intentions. He raised concerns about Ripple’s use of XRP in its Liquidity Hub, questioning if it or its clients could be assured of non-interference from SEC enforcement until the lawsuit and any subsequent appeal are firmly settled.

Ripple’s Liquidity Hub Expansion

Recently, Ripple made headlines by expanding its Liquidity Hub to include support for USDC and USDT, the dominant stablecoins in the market. The company expressed its dedication to adhering to regulations and meeting the demands of its corporate clients. However, this expansion has raised eyebrows, as XRP, originally promised to be part of the Liquidity Hub’s asset lineup, remains conspicuously absent.

In 2021, Ripple had indicated that XRP would be integrated into the Hub’s assets, leaving many to speculate that its exclusion is linked to the ongoing SEC vs. Ripple lawsuit.

Also Read: Ripple’s Strategic Vision for XRP: Global Liquidity Tool in the Making

Community Queries and Ripple’s Position

Micah XRP’s comment, which triggered a detailed response from Bill Morgan, centered around the reasons behind XRP’s continued absence from the Liquidity Hub. Micah highlighted that XRP now enjoys legal clarity, yet it still hasn’t found a place within the Hub. Bill Morgan’s response further elucidated the relationship between XRP holders and Ripple.

He clarified that while Ripple may pay closer attention to its shareholders and customers, it is not legally obligated to cater to the needs of XRP token buyers.

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What are your hopes and dreams for XRP?

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