In response, ChatGPT admitted that it was “difficult to predict” which of the two sides is likely to win the lawsuit focused on the XRP token sold by Ripple “as the outcome will depend on the evidence presented and the arguments made by both sides.”
Having said that, however, the AI chatbot also stressed that “Ripple’s argument that XRP is not a security is likely to be more persuasive,” further explaining that:
“Ripple has argued that XRP is a currency, not a security, and that it is not subject to the same regulations as securities. Ripple has also argued that XRP is decentralized and not controlled by any single entity, which is a key factor in determining whether something is a security or not.”
On top of that, ChatGPT highlighted the blockchain company’s persistent argument that XRP “has been used for years as a currency and not as an investment, which further supports its argument that XRP is not a security.”
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