A crypto researcher has argued that U.S. banks may remain averse to XRP usage unless the U.S. regulator openly declares XRP as non-security.

In a recent exchange on social media platform X, digital asset researcher Anderson argued a requisite condition that must be in place for U.S. financial institutions to adopt XRP.

The context of the conversation surrounded speculation on whether the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple prevented significant development progress for the XRP Ledger (XRPL).

Attorney Bill Morgan initiated the discourse by asking why crucial developments such as automated market makers failed to surface on XRPL years before the SEC contested XRP’s status as a security.

SEC Needs to Declare XRP like ETH

Though Morgan’s question was directed to another XRP enthusiast, crypto-focused researcher Anderson weighed in to share his perspective. He expressed that Ripple likely desired the SEC to publicly proclaim that XRP is not a security, similar to the declaration made for Ethereum (ETH).

Based on this premise, Anderson argued that U.S. banks may never consider adopting XRP without such clarification. He emphasized that banks and large financial institutions represent where the bulk of the money resides.

I believe Ripple wanted SEC to publicly state that XRP is not a security, like they did with ETH. Without any such clarification banks would never touch XRP. Banks and large financial institutions is where all the money is. There are things Bob Way said as well, hinting that… — Anders