News Update: US Banks Embrace Ripple's XRP for Global Transactions

• Ben Armstrong provides insights on the potential adoption of Ripple's XRP by US banks.

• Ripple CEO Brad Garlinghouse suggests broader integration of XRP following the token's significant legal victory over the SEC.

• With legal clarity for XRP and substantial enhancements, Ripple is advancing toward realizing its goals.

Ripple CEO Brad Garlinghouse recently suggested the potential adoption of XRP by banks in the United States. In a recent video, blockchain industry influencer Ben Armstrong stated that the adoption of XRP by US banks is positioned as "the linchpin to XRP's triumph."

Ripple has faced a challenging period for over two years since the Securities and Exchange Commission (SEC) filed a lawsuit against the platform in 2020. The SEC accused Ripple and its executives of allegedly raising "over $1.3 billion through an unregistered, ongoing digital asset securities offering."

Despite Ripple's vision for global expansion and widespread adoption of XRP, legal obstacles presented a significant impediment. However, in 2023, Judge Analisa Torres' pivotal ruling classifying XRP as a non-security provided it with "legal clarity," distinguishing it as the sole token with such status. According to Ben Armstrong, Ripple's legal victory against the SEC indicates progress toward realizing Ripple's vision.$XRP $BNB $BTC #BTC #XRPBurn #WTFsec