- The legal victory of Ripple is a precedent for future American crypto policy and regulations.
- SEC delays XRP, SOL ETF decisions in the middle of Ripple’s Post-Lawsuit Company expansion.
The return from Donald Trump to the political stage has caused significant shifts in the crypto landscape, so that the US Securities and Exchange Commission (SEC) dissolves long-term legal tensions with various companies.
While many in the industry welcomed these resolutions, Ripple [XRP] Labs remained an important exception, because the battle of the courtroom with the Sec Groot continued to loom.
Ripple’s CLO is celebrating the victory in the courtroom
Ripple’s Chief Legal Officer, Stuart Alderoty, posted A video of one minute on X in which it is explained why the SEC decided to close the case after more than four years.
He said,
“The SEC not only dropped his profession against Ripple, they have now dropped every case against every crypto company in the United States. Why because the SEC has admitted what we have always said, that you cannot enforce the law for breaking the law without first explaining the law. And we never had clear laws, rules and regulation in this country.”
He added,
“So we’re going to clean up the mess. We’re going out of the courtroom. We’re going to run again.”
What does he ask for?
Alderoty proposes a future that is powered by clear and intelligent Crypto Regulation, something that he believes that the American congress must help reach through meaningful cooperation, a process already underway.
In addition to the legal victory of Ripple, Alderoty emphasized broader industrial priorities, including enforcing guarantees against bad actors and actively promoting innovation.
He wants to replace the confrontation of the regulations with constructive policy structure to guarantee the growth and legitimacy of the long -term digital assets.
XRP’s price promotion and other developments around Ripple Labs
This coincided with Ripple’s strategic growth after the Lawsuit, despite constant regulatory uncertainties.
From the last update, XRP traded at $ 2.20, with a slight dip of 0.20% in the last 24 hours, according to Mint market cap.
Moreover, the company also accelerated its expansion, which means that the headlines are with its $ 1.25 billion takeover from Hidden Road, which indicates a strong ambition in the mergers and acquisitions.
However, the SEC continues to postpone decisions about important crypto -eetfs, including the spot ETFs of Franklin Templeton for XRP and Solana (Sol), with the verdict that has now been established on 17 June.
That is why, with so much unfolding at Ripple Labs, it will be interesting to see how things progress and both the price of XRP and the ETF decision influence.
Credit : ambcrypto.com
