Ripple returns to the US after the SEC lawsuit

After winning the SEC case, the CEO of Ripple plans to work with banks and expand crypto payments in line with Trump-era policies.

Ripple CEO Brad Garlinghouse states that 95% of his clients are outside the US, but the business wants to grow in the US. The SEC dropped its lawsuit against Ripple, which is a significant victory for the business and the crypto sector.

Ripple was sued by the SEC in December 2020 for its unregistered XRP coin. This case seems to be closed. The SEC returned $75 million in fines and withdrew its appeal. XRP can now be sold to institutional investors without restrictions. Garlinghouse stated: 'This is the moment we have been waiting for,' praising the victory.

Ripple continues its activities in payments and securities despite legal issues in the US. Garlinghouse believes the US is important. With the lack of legal coverage, Ripple wants to build its customer base in America and reduce its dependence on foreign markets.

Ripple's growth aligns with crypto-friendly policies. Digital asset policy is rising during President Donald Trump's second term. Trump created a Cryptocurrency Advisory Council, and Garlinghouse is reportedly considering joining. This raises Ripple's ambitions in the US.

Another advantage comes from the OCC, which now allows US banks and savings institutions to provide cryptocurrency and stablecoin custody services without approval. This shift occurred after criticism of Operation Choke Point 2.0, which overly targeted crypto companies.

New regulations are making American institutions more accessible for blockchain-based financial solutions. XRP allows Ripple to collaborate with banks in the field of international payments and digital asset custody. This invites new relationships and development.

Ripple faces tough competition. Most crypto payments are dominated by stablecoins like USDT and USDC. Even though the SEC has retreated, Ripple must deal with regulatory uncertainty in the US.

Overall, the resolution of the lawsuit allows Ripple to grow and focus on expansion in the US.

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