TL;DR
- Ripple CEO Brad Garlinghouse emphasized the company’s commitment to global expansion despite regulatory challenges in the US.
- The firm’s progress may be fueled by a positive outcome of the trial against the United States Securities and Exchange Commission.
Ripple’s Roadmap
Brad Garlinghouse, CEO of Ripple, shared the company’s plans for the coming months. He emphasized that expanding their business globally is still a major goal despite the largely unfavorable regulatory environment in the US towards the crypto industry.
Despite the US market’s hesitance to expand due to regulatory reasons, we will continue growing at a rapid pace. Meanwhile, the non-US market has shown remarkable strength and growth for us.
Garlinghouse additionally stressed Ripple’s ambition to lead the next financial framework, underlining XRP‘s possible significance in shaping the future monetary system.
“We strongly believe that the opportunity is vast, and this situation should benefit Ripple as well as XRP greatly. I am extremely optimistic about this development, but I think it’s important for the US to find a resolution.”
Later on, Ripple’s leader discussed the company’s plans to introduce a dollar-backed stablecoin. He emphasized once more that this step would help bring together the worlds of conventional finance and cryptocurrencies.
The Success Depends on the Trial’s Outcome
Some people believe that Ripple’s advancement and a possible XRP price surge could depend on the outcome of the legal action between the company and the US Securities and Exchange Commission.
A disagreement between the law and the company began over three years ago. The regulatory body alleged that Ripple had illegally gathered over $1.3 billion through unregistered securities sales by offering XRP. However, Ripple insists that their native token should not be classified as a security.
The lawsuit against Ripple is set to advance to a major trial, slated for April 23. To date, Ripple has secured three partial court victories against its adversary. Industry insiders predict a significant triumph for Ripple in the upcoming months. For those interested in delving deeper into the case details and potential implications on XRP‘s value, please watch our dedicated video below.
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2024-04-19 19:54