The categorization of digital currencies is a key concern in the realm of regulations. Notably, XRP found itself in the midst of a major legal battle concerning its classification as a security in 2023. Kendrick contended that due to the technological resemblances shared by ETH and other cryptocurrencies, it would prove difficult for the SEC to designate assets similar to ETH as securities while upholding its position on ETH itself. This perspective hinted at an impending era of increased acceptance and a well-established regulatory structure for cryptocurrencies.
