Ripple’s General Counsel, Stuart Alderoty, is confident that the company will emerge as the most trusted source for business in the United States once cryptocurrency regulations become more favorable. This optimism follows Trump’s administration’s crypto-friendly stance. Alderoty anticipates improved regulations and policy transparency in the crypto industry.
Over the past few years, Ripple has been embroiled in lawsuits with the Securities and Exchange Commission (SEC). The case, stemming from XRP sales in 2020, which were initially deemed unregistered securities, took a turn in July last year when the court ruled that XRP sales did not meet the criteria of an investment contract and thus were not securities.
However, U.S. District Judge Analisa Torres fined the company $125 million for institutional sales violations. In October 2024, the SEC defied the court’s decision by seeking a further review of XRP’s classification, impacting both Ripple and the broader crypto industry.
After Paul Atkins was announced as SEC chairman, Ripple’s executive Brad Garlinghouse praised Trump’s decision, calling it “an outstanding choice,” expressing hope that it will mark the end of the crypto prohibition era.
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