After a passionate post by Ripple's Chief Legal Officer Stuart Alderoty, rumors of a settlement between Ripple and the U.S. Securities and Exchange Commission (SEC) have emerged.

There has been a long-standing discussion within the XRP community regarding this issue, and SEC Chairman Gary Gensler's announcement of his retirement plans on November 21 further fueled these rumors. In a suggestive post on November 23, Ripple's Chief Legal Officer Alderoty indicated that the lawsuit is nearing its end, further strengthening these rumors. In a letter to Ripple CEO Brad Garlinghouse, Chairman Chris Larsen, and the entire legal team, Alderoty expressed appreciation for their resistance against the SEC and Gensler. Additionally, he pointed out that Ripple has provided a roadmap for combating Gensler's regulatory pressure and stated that the company's resistance ensures the survival of the crypto industry.

Alderoty's message sparked action within the XRP community.

This post confirmed the recent widespread rumors within the XRP community about a forthcoming agreement between Ripple and the SEC. TechCrunch founder Michael Arrington also shared this news, highlighting Ripple's efforts to defeat Gensler, which led to waves of joy within the community. Arrington emphasized the significance of this day, further exciting the community.