Crypto exchange Uphold has provided an update on Ripple’s latest regulatory progress and ongoing legal matters concerning XRP. In a recent post , Uphold wrote “Ripple has received regulatory approval in Dubai, becoming the first licensed blockchain payments provider in the Dubai International Financial Centre (DIFC).” This development marks a significant milestone for Ripple and strengthens Dubai’s position as a global center for cryptocurrency innovation. Here’s your #XRP Report for the week: Ripple Becomes First Licensed Blockchain Payments Provider in Dubai #Ripple has received regulatory approval in Dubai, becoming the first licensed blockchain payments provider in the Dubai International Financial Centre (DIFC).… pic.twitter.com/JLjlW2bp5t — Uphold (@UpholdInc) March 15, 2025 The licensing allows Ripple to enhance cross-border payment services across the United Arab Emirates (UAE). Uphold noted that Ripple estimates “20% of its clients are based in the Middle East,” highlighting the region’s importance to the company’s expansion plans. Ripple CEO Brad Garlinghouse commented on Dubai’s regulatory environment, “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit.” Dubai has been fostering blockchain innovation, attracting major companies seeking regulatory clarity. Ripple’s approval within the DIFC is expected to support the company’s growth in the region while reinforcing Dubai’s role as a key jurisdiction for digital assets. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 SEC Reconsidering XRP’s Regulatory Classification Uphold also reported that the U.S. Securities and Exchange Commission (SEC) is reviewing whether XRP should be classified as a commodity . According to the update, this reconsideration is “part of ongoing settlement discussions with Ripple.” The potential shift in XRP’s classification has drawn attention, as it could impact the regulatory framework surrounding the digital asset. The comparison between XRP and Ethereum’s regulatory treatment has also resurfaced. Uphold highlighted that Ripple’s Chief Technology Officer, David Schwartz, challenged the equivalency between the two assets . Schwartz argued that “ETH was ‘privately sold by an issuer prior to any ledger or blockchain existing,’” distinguishing its history from that of XRP. This statement underscores the ongoing debate over how digital assets should be classified under U.S. securities laws. While discussions regarding XRP’s status continue, the possibility of a regulatory shift has raised questions about the outcome of Ripple’s legal battle with the SEC. Uphold asked the question, “Could this shift in XRP’s classification mark a turning point in the Ripple case?” Implications for the Crypto Market Ripple’s regulatory approval in Dubai strengthens its ability to serve clients in the Middle East while reinforcing the city’s status as a global crypto hub. The SEC’s review of XRP’s classification introduces new uncertainty into Ripple’s legal dispute, but it also suggests that regulatory authorities may be reassessing their approach to digital assets. As developments unfold, the cryptocurrency industry will closely watch how these regulatory changes affect Ripple’s operations and the broader market. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Top Exchange Releases XRP Report For The Week appeared first on Times Tabloid .
