Insights from Ripple’s President, Monica Long, on the Ongoing SEC Legal Battle

Insights from Ripple's President, Monica Long, on the Ongoing SEC Legal Battle

Ripple Determined to End Legal Battle with SEC

Ripple and the United States Securities and Exchange Commission (SEC) have been engaged in a long legal dispute, leading to speculation about a probable settlement. Nonetheless, recent statements from Ripple’s President, Monica Long, suggest that the company is committed to fighting the SEC’s lawsuit.

Clarity on XRP’s Status

In a conversation with CNBC, Long emphasized that Judge Analisa Torres’ recent ruling has strengthened Ripple’s resolve. The ruling made it clear that XRP Ripple (XRP) is not considered a security, providing much- required clarity for Ripple and allowing the company to expand globally.

The SEC Lawsuit

The SEC filed a lawsuit against Ripple in December 2020, accusing the company and its executives of violating securities regulations by promoting XRP Ripple (XRP) without proper registration. Instead of seeking a settlement, Ripple chose to confront the regulatory giant in court.

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Impact on Digital currency Regulation

Judge Analisa Torres’ ruling in favor of Ripple has whole lot of implications for the ongoing legal battle. It not only supports Ripple’s position but likewise establishes a precedent that could influence worldwide digital currency regulation.

Hot Take: Ripple Remains Resolute in Legal Battle Against SEC

Ripple’s President, Monica Long, has clarified that  the company will continue to fight the SEC’s lawsuit. With Judge Analisa Torres’ ruling affirming XRP’s non-security status, Ripple sees a chance to expand its operations worldwide. This legal battle has broader implications for digital currency regulation and could shape how digital currencies are regulated globally.

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