SEC Dropped the XRP Case—Ripple CTO Tells Us Why
The post SEC Dropped the XRP Case—Ripple CTO Tells Us Why appeared on BitcoinEthereumNews.com.
Ripple’s decisive courtroom victory forces the SEC to confront its blurred crypto stance, signaling a broader shift for blockchain firms. Following its legal triumph, Ripple accelerates bold expansion with a $1.25 billion acquisition and a rejected $5 billion Circle bid. Ripple Labs is almost on the edge of major victory after the United States Securities and Exchange Commission (SEC) finally dropped the long-held XRP case. The SEC’s change in decision comes after the new leadership in the Donald Trump reign. As Ripple celebrates the win, Stuart Alderoty, Ripple’s Chief Legal Officer, shared the one-minute video on the SEC’s historic approach and current unexpected move. Alderoty summed up six years of courtroom battles into 60 seconds, saying the SEC’s withdrawal was due to its failure to define crypto regulations before implementing them. The SEC’s pullback, in his view, represented a wider acknowledgment that its approach to crypto legislation was imprecise and not only applied to Ripple but also extended to similar companies that were involved in legal battles. Pointing the way toward the future, Alderoty insisted that it’s time to put the courtroom behind us and focus on business development. His priority right now is to work with the U.S. Congress to implement good and effective crypto regulations. That effort is already in the works, addressing how the legal framework will support long-term growth of the crypto industry. Ripple Makes Massive $1.25 Billion Acquisition, Bids $5 Billion With legal hurdles now removed, Ripple Labs did not delay in increasing its footprint. The company has now acquired Hidden Road in a deal worth $1.25 billion, cementing its hold in the traditional finance brokerage and settlement space. This acquisition puts Ripple right in the middle of big deals, bolstering its market standing substantially. Ripple also drew headlines with a daring bid of $5…
Filed under: News - @ May 5, 2025 10:21 am