Ripple’s Chief Legal Officer Stuart Alderoty had once highlighted XRP’s unique positioning in the US following Ripple’s notable victories against the US Securities and Exchange Commission (SEC). His statement has more backing now as Americans seem to have taken more interest in the crypto token since then.

Americans More Interested In XRP Than Ethereum

According to recent data from Google Trends, residents in 48 out of the 50 states in the country seem to be more interested in the XRP token over the second largest cryptocurrency by market cap, Ethereum. Nevada, Delaware, Montana, Louisiana, and Arizona form part of the regions where the interest in XRP is at the most.

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It is believed that some of this interest could have come on the back of the token gaining regularity clarity in the country when Judge Analisa Torres declared that XRP wasn’t a security in itself. The token had taken a hit when the SEC initially filed a lawsuit against Ripple back in 2020, as many crypto exchanges in the country moved to delist the crypto token.

Such a move undoubtedly affected the token’s market share in the country as only a few exchanges, like Uphold, opted against delisting the crypto token despite the legal encumbrance that was on it as a result of the SEC’s case against Ripple. However, following Judge Torres’ ruling, many exchanges have relisted XRP, paving the way for many residents in the country to invest in it.

Institutional Interest To Increase

It is also expected that institutional interest in XRP in the US will pick up since the major reason why many financial firms chose not to partner with Ripple was because of its legal battle with the SEC. With the case all but over, there could be more partnerships between Ripple and American firms very soon. $XRP