Ripple’s Chief Legal Officer, Stuart Alderoty, believes that Ripple has the potential to become the most trusted business source in the U.S. once crypto regulations become more favorable. This optimism aligns with the announcement of Trump’s administration plans to support the crypto industry.
A Bright Future for Crypto with Improved Regulations
Alderoty anticipates that new regulations will bring greater transparency and stability to the crypto sector. He notes that previous measures under Biden’s administration negatively impacted the industry’s growth.
Ripple recently ranked third in market capitalization, but a drop in XRP’s price to $2.33 saw it lose this position to USDT by Tether.
Despite challenges, Ripple remains one of the most prominent tokens on the market.
Ripple’s Legal Battles with the SEC
Ripple has faced multiple lawsuits from the Securities and Exchange Commission (SEC) in recent years.
In 2020, Ripple was accused of selling XRP as an unregistered security.
In July 2023, the court ruled that XRP is not a security as it does not meet the criteria of an investment contract. However, Ripple was fined $125 million for institutional sales violations.
In October 2024, the SEC requested a review of XRP’s classification, impacting not only Ripple but the broader crypto industry.
Praise for Trump’s Crypto-Friendly Stance
Following the appointment of Paul Atkins as SEC Chair in Trump’s administration, Ripple CEO Brad Garlinghouse hailed the decision as an “exceptional choice.” Garlinghouse believes this development marks the end of the crypto ban era and promises a stable future for the industry.
Ripple now looks forward to opportunities arising from changes in the regulatory landscape and the positive steps taken by the new administration.
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