Ripple contributes to the 'victory' of the crypto industry

Ripple has made significant contributions to the 'victory' of the crypto industry through political efforts and collaboration with industry leaders. Stuart Alderoty, the legal director of Ripple, pointed out that the company has provided a crucial foundation to counter the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, who is viewed as an adversary of the crypto industry due to his strict regulatory approach. Gensler's departure has been welcomed by the crypto community as a positive development, paving the way for a more crypto-friendly legal environment.

Additionally, Ripple is also one of the major companies that have financially supported pro-crypto candidates in the recent elections, contributing to favorable outcomes for the industry. Many pro-crypto candidates have been elected to the U.S. Congress, which will help create a more favorable regulatory space for the development of cryptocurrency projects. These activities not only enhance Ripple's reputation but also promote positive sentiment throughout the crypto industry.