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Sujit Kumar
Mar 6, 2025
by Sujit Kumar

Rochard Critiques XRP’s Security Status Amid Reserve Debate

XRP’s Security Status

Table of contents

  1. Controversy Over Reserve Inclusion
Pierre Rochard, vice president of research at Riot Platforms and a well-known Ripple critic, has reiterated his view that XRP fails to meet the essential criteria for being classified as a security. According to Rochard, Ripple is under no obligation to offer investors any additional utility or benefits, leaving XRP holders with no legal recourse if large-scale sell-offs occur. He further noted that numerous financial assets may be deemed “worthless” or even harmful without falling under securities regulations.

Legal Rulings and Community Skepticism

The debate over XRP’s classification has raged for years. While the SEC has long accused Ripple of selling unregistered securities, a 2023 ruling by Judge Analisa Torres determined that secondary sales of XRP do not qualify as securities transactions. This decision weakened the SEC’s case against Ripple but has done little to ease skepticism among Bitcoin maximalists. Many critics argue that XRP’s centralized governance structure makes it unsuitable for strategic financial roles, particularly in light of its recent inclusion in the U.S. Crypto Strategic Reserve.

Controversy Over Reserve Inclusion

The announcement that XRP would join a multi-token U.S. crypto reserve has sparked further debate. While Ripple CEO Brad Garlinghouse supports a diversified approach, critics like Rochard remain unconvinced, questioning why XRP should be part of a government-backed reserve when its utility and investor rights are so limited. This controversy has deepened the divide between Bitcoin advocates—who favor a Bitcoin-only reserve—and proponents of a multi-asset strategy. The ongoing discussions highlight the broader challenges of integrating digital assets into traditional financial systems.

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Rochard Critiques XRP’s Security Status Amid Reserve Debate
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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