As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues, a prominent candidate for Donald Trump’s crypto policy leadership has predicted that the case may soon be dismissed.
This case has been pivotal for the cryptocurrency sector, with the SEC alleging that Ripple’s XRP token qualifies as a security under U.S. law. Ripple, however, has consistently maintained that XRP operates as a decentralized digital currency and is not subject to securities regulations.
The Trump advisor candidate, who has been outspoken about fostering a more innovation-friendly regulatory environment, suggests that the SEC’s case against Ripple is faltering under scrutiny. This could signal a broader shift in regulatory attitudes, especially if Trump regains political power in 2024 and surrounds himself with advisors who support crypto-friendly policies.
A dismissal of the Ripple case would mark a turning point in the U.S. cryptocurrency landscape, potentially easing legal pressures on blockchain companies and boosting investor confidence. The industry is watching closely, as the outcome could shape the future of crypto innovation in America.
