The #SEC has agreed to dismiss charges against Ripple CEO Brad Garlinghouse and Chairman Chris Larsen alleging they aided #XRP securities violations. This is a major victory for Ripple, validating their vigorous legal defense. While Ripple still faces remedies for institutional XRP sales, the SEC surrendering on charges against the executives exposes flaws in their crusade against crypto firms. Judges are increasingly pushing back on crypto regulation overreach. For the blockchain industry, this landmark development marks a shift - the SEC's uncertain legal footing is being exposed. Ripple's prudent international expansion amid regulatory uncertainty has allowed continued growth despite battles at home.
Ripple is now conducting nearly 90% of its business internationally. This includes major partnerships in key regions like Asia, the Middle East, and Europe to offer RippleNet's fast, low-cost cross-border payments to financial institutions worldwide.
Ripple has continued signing new international clients for ODL (On-Demand Liquidity), utilizing XRP for instant settlement. Notable partners using ODL include Brooks Entwistle, managing director of Asian operations, who highlighted strong traction in Japan, Korea, Singapore, and the Philippines. Ripple is strategically positioning itself as the global standard in blockchain payments as uncertainty drags on in the US market.
With #Ripple achieving a major legal victory while continuing its decisive global expansion, the future looks increasingly bright for XRP's prospects. As the blockchain payments firm racks up partnerships worldwide, RippleNet and ODL adoption should continue accelerating. Coupled with the SEC setback exposing flaws in their securities violation claims, XRP appears poised to start shedding its regulatory overhang. As crypto broadly benefits from waning regulatory threats, XRP could ride a wave of legitimacy to surge back up the market cap ranks. While challenges remain, XRP holders can breathe sighs of relief and look forward with renewed optimism. As Ripple prevails against aggressive oversight, XRP could swiftly regain its luster - potentially even retesting its all-time highs as the SEC crusade falters and Ripple's utility and liquidity shine through.