Partially First a securities designation and being forced to report financials doesn't completely destroy the transactional use case, so thats a big misconcept

Partially First a securities designation and being forced to report financials doesn't completely destroy the transactional use case, so thats a big misconception in the crypto world. It would be incredibly inconvenient though and I doubt counterparties for the few Ripple products that are powered by XRP will ever want to hold and use XRP.