A photo of Ripple’s chief legal officer, Stuart Alderotti, standing next to businessman and co-chair of the Department of Government Efficiency (DOGE), Vivek Ramaswamy, has been circulating widely in recent days. The photo, which Alderotti shared on social media, is accompanied by a sharp comment about Ripple’s history with the SEC and the urgent need for accountability. For those following the San Francisco company closely, the encounter may be more than just a passing encounter.
Alderotti’s article covers Ripple’s legal battles, particularly its efforts to combat what it sees as selective enforcement by the SEC under Gary Gensler. Earlier this year, Ripple issued a landmark ruling that finally classified XRP as a non-security.
Despite being fined $120 million for institutional sales of unregistered securities, Ripple’s partial victory was a turning point. With Gensler set to step down as SEC chairman in January, the timing of this discussion between Alderotti and Ramswamy has people talking.
It’s worth noting that Ripple’s partnership with figures like Ramaswamy has significant implications. Ripple has faced a lot of criticism amid conspiracy theories that Ethereum-related entities influenced the SEC to favor ETH over XRP during its meteoric rise. Is XRP the new Ethereum (ETH)? Ripple’s legal advocates often draw parallels between the strategies of the two ecosystems, portraying Ripple as an entity that seeks reform rather than favoritism. The meeting could signal Ripple’s efforts to ally with individuals who will shape future regulatory conversations
Ripple’s strategy seems to be shifting from fighting in court to talking to policymakers. By talking to important people in government, Ripple could become a force for improvement. This could indirectly help XRP, as the token’s value has already surged 400% in the past month and a half.#XRP#XRPNews #RippleNews
