Ripple’s lawyer is confident that the company will be the most trusted source in the United States once the regulations become crypto-friendly.
Stuart Alderoty, Ripple’s General Counsel, believes the company will be the most reliable source for business in the country very soon. This belief came after Trump’s administration aimed to be crypto-friendly.
He expects the future of the crypto industry will have better regulations and policy transparency. Trump After years, this has been an issue under Biden’s presidency.
“When this regulatory cloud is lifted, and we get some policy clarity in the U.S. We will then be the most trusted source for enterprise support for crypto solutions in the U.S.,”
Alderoty says on Psaros Center for Financial Markets and Policy event video posted on X.
Recently, Ripple reached the 3rd rank as the biggest crypto based on market cap, but then they turned down to Tether’s USDT after the XRP price dropped to $2.33 at the time of writing.
Although it remains one of the most prominent tokens, Ripple has faced several cases and stumbled to grow in the past few years.
Ripple lawsuit case against U.S. agency
In the past few years, Ripple has faced multiple lawsuits against the Securities and Exchange Commission (SEC). This case started with the sales of XRP in 2020, which were considered as unregistered security.
In July last year, the court decided that XRP sales were not security, as the product did not meet with the investment contract. However, U.S. District Judge Analisa Torres still fined the company with $125 million due to violating institutional sales.
Later, in October 2024, the commission went against the court’s decision by seeking further review for the classification of XRP. This case affected not only the company but also the crypto industry.
After Paul Atkins’s announcement as the chairman of the SEC, Ripple’s executive praised Trump’s decision. Brad Garlinghouse mentioned it as “an outstanding choice” as he hopes it will be the end of the crypto prohibition era.
