Ripple’s lawyer is confident that the company will become the most trusted source in the United States once regulations become crypto-friendly.
Stuart Alderoty, general counsel of Ripple, believes that the company will very soon be the most trusted source of business in the country. This conviction came after the Trump administration wanted to be friendly to cryptocurrencies.
He expects the future of the crypto industry to be characterized by better regulations and political transparency. Trump After years, this has been a problem under Biden’s presidency.
“When this regulatory cloud is lifted and we get some policy clarity in the United States, then we will be the most trusted source for enterprise support for crypto solutions in the United States.”
Alderoty says in video of the Psaros Center for Financial Markets and Policy event posted on X.
Recently, Ripple reached 3rd as the largest cryptocurrency based on market cap, but then they declined Tether’s USDT after XRP price fell to $2.33 at the time of writing .
Although it remains one of the largest tokens, Ripple has faced several cases and has been reluctant to expand over the past few years.
Ripple lawsuit against an American agency
Over the past few years, Ripple has faced several lawsuits against the Securities and Exchange Commission (SEC). This case began with sales of XRP in 2020, which were considered unregistered securities.
In July last year, the court ruled that XRP sales did not constitute a guarantee because the product did not comply with the investment contract. However, U.S. District Judge Analisa Torres still fined the company $125 million for institutional sales violations.
Later, in October 2024, the commission opposed the court’s decision by requesting a further review of the classification of XRP. This case affected not only the company but also the crypto industry.
After the announcement of Paul Atkins as SEC chairman, Ripple executives welcomed Trump’s decision. Brad Garlinghouse mentioned it as “an exceptional choice” as he hopes it will be the end of the crypto ban era.
