Ripple XRP is notably absent from Forbes’ page tracking digital assets allegedly treated as securities by the U.S. Securities and Exchange Commission (SEC)—a small detail with outsized implications for market sentiment.
For years, XRP was cited alongside tokens the SEC targeted in enforcement actions. Today, as data providers like Forbes and CoinMarketCap curate “alleged SEC securities” lists featuring assets such as BNB, Solana, Cardano, and Tron, XRP’s omission is drawing attention across crypto circles. While these lists are editorial in nature and not legal rulings, they often shape how institutions and retail investors navigate regulatory risk.
Why XRP’s status looks different now
- The legal turning point came in July 2023, when Judge Analisa Torres ruled that XRP, when traded on secondary markets, is not in itself a security. This distinction reframed the narrative around XRP’s classification.
- Through mid-2025, the Ripple-SEC dispute moved toward closure. After the court rejected a joint penalty proposal in June, Ripple said it would withdraw its counter-appeal, with the SEC expected to do the same. By early August 2025, the appeals path effectively ended, leaving the court’s core findings intact and bringing the long-running case to a close.
What it means for market participants
- Perception shift: XRP’s absence from “alleged SEC securities” lists suggests data providers are aligning with the legal outcome, reducing the headline risk that long shadowed the asset.
- Utility narrative: The community’s long-held view of XRP as a payments and settlement token, rather than a security, has gained traction. This aligns with use cases in cross-border transfers and liquidity provisioning.
- Institutional read-through: While not a substitute for regulation by rulemaking, clearer court precedent reduces compliance uncertainty. That can support deeper liquidity, broader venue support, and more consistent coverage by research providers.
Important caveat
- Editorial lists are not policy. They reflect interpretations, not official SEC designations. Market participants should continue to monitor formal guidance, enforcement actions, and exchange listing policies.
Bottom line
XRP’s removal from high-visibility “alleged SEC securities” lists marks a practical milestone in how the asset is tracked and discussed. With the legal chapter largely settled and the data taxonomy catching up, XRP’s risk profile—as perceived by many investors—looks cleaner than it has in years. For a market that prices regulatory clarity at a premium, that matters.
You might be interested in:
