XRP Officially Recognized as Currency by Grayscale, Joining Bitcoin in New Crypto Classification

Grayscale has officially reclassified XRP as a currency, aligning it with Bitcoin within their updated crypto sector framework. This change signifies significant recognition for the cryptocurrency’s role as a medium of exchange and adds to its standing within the industry. The classification is part of Grayscale’s newly introduced six-sector system that aims to streamline asset categorization for investment purposes.