💥 Shocking Insider News! Ripple CTO Reveals the Truth Behind SEC's Withdrawal of XRP Lawsuit! 😱🚨

The regulatory fog has cleared, and XRP makes a strong comeback!

Why did the SEC withdraw the lawsuit?

Ripple's Chief Legal Officer Stuart Alderoty released a video on X platform, revealing the reason behind the SEC's termination of the 4-year XRP lawsuit: the lack of clarity in U.S. crypto regulation. Alderoty stated that the SEC acknowledged the legal ambiguity and lack of basis for enforcement, choosing to abandon the appeal, similar to the withdrawal of lawsuits against other companies. Moving forward, collaboration with Congress is needed to establish clear crypto regulations, eliminate bad actors, and pave the way for innovation.

Ripple's Business Expansion

After the lawsuit's conclusion, Ripple's business surged, spending $1.25 billion to acquire Hidden Road, leading the traditional financial brokerage and settlement market. Additionally, a $5 billion acquisition of Circle fell through, indicating ambitious expansion plans. The new SEC Chair Paul Atkins supports crypto, which may promote clearer regulation of stablecoins and aid in XRP's development.