XRP Ledger Proposes 4 Fixes for Restricted Token Rules

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TLDR XRP Ledger developers have proposed four fixes to close gaps in issuer approval requirements for restricted tokens. The changes would strengthen checks on trading pool shares and token transfers, preventing unapproved accounts from acquiring restricted assets through exceptions. Holders without approval would generally only be able to return affected tokens to the issuer, unless the issuer authorizes their account. The proposals are not live on mainnet. The XRP Ledger Foundation described the work as routine protocol hardening and reported no known outsider exploitation of the remaining exceptions. XRP Ledger Developers Target Token Approval Gaps XRP Ledger developers are proposing tighter controls over who can receive and hold tokens that require issuer authorization. The four proposed fixes are grouped under an amendment called fixCleanup3_5_0. They aim to make existing approval requirements apply consistently across different ways tokens move through the network. Issuers of assets such as regulated stablecoins or tokenized funds can require approval before an account holds th...