The crypto community is discussing whether XRP is finally being recognized as a currency. Wall Street analyst Linda Jones highlighted that XRP was considered a currency and not a security even before the SEC lawsuit against Ripple Labs. This was supported by the U.S. Financial Crimes Enforcement Network (FinCEN) classifying XRP as a "virtual currency" in 2015. Although there is speculation about a potential appeal of the 2023 ruling, the SEC has stated that it does not seek to appeal the decision that XRP is not a security. Ripple's Chief Legal Officer has also affirmed that an SEC appeal would not change XRP's non-security status. Many in the crypto community believe the chances of the SEC winning an appeal are low.



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