As new developments regarding cryptocurrency regulation in the United States continue unabated, Evernorth, a treasury company focused on $XRPdrew attention to the recent decision of the Commodity Futures Commission (CFTC).
The company said this development could be an important step, particularly for self-preservation solutions.
Evernorth’s statement highlighted a major milestone reached last week, overshadowed by the Securities and Exchange Commission’s (SEC) commodity classification decision. According to the release, the CFTC has issued a “letter of inaction” to a self-custodial crypto wallet software provider for the first time. The company summarized the fundamental principle behind this decision as follows: “If you do not hold your clients’ funds, you are not a financial intermediary. » This approach, it was stated, clarifies the distinction between crypto infrastructure providers and traditional intermediaries.
Evernorth also argued that this framework aligns with $XRPthe design philosophy of. The press release highlights that transactions in the $XRP The ecosystem occurs directly on-chain, rather than through a central counterparty, suggesting that this structure could provide regulatory benefits.
The company argued that $XRP was “perfectly suited” to this development.
*This does not constitute investment advice.
