Ripple CEO says XRP has legal clarity, Evernorth lists 473 million XRP on Nasdaq

Ripple CEO Brad Garlinghouse appeared on Nasdaq on October 14, coinciding with the closing bell ceremony for Evernorth, a major XRP treasury firm. Garlinghouse addressed XRP’s ongoing regulatory status and commented on recent legislative developments, highlighting progress and challenges facing the digital asset industry. Garlinghouse discussed the failure of the CLARITY Act in September, a bill aimed at providing clear guidelines for digital assets. He acknowledged disappointment in the outcome, noting he had invested considerable effort in the initiative. Despite the legislative setback, Garlinghouse emphasized that legal clarity for XRP has already been established through federal court decisions. According to Garlinghouse, a federal judge’s opinion established that XRP is not a security. He argued that the ruling satisfies many of the objectives the CLARITY Act sought to address for XRP.

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