- Stuart Alderoty credited CEO Brad Garlinghouse and Ripple’s legal team for their pivotal efforts in the XRP case.
- The XRP community’s unwavering support amplified Ripple’s stance, contributing to a broader crypto industry victory.
- Gary Gensler’s upcoming departure and new political appointments signal potential changes in U.S. crypto regulation.
Stuart Alderoty, Chief Legal Officer of Ripple Labs Inc., has shifted focus on the company’s successful position against regulators. As the legal fight against Ripple enters its fourth year, Alderoty thanked the people and organizations that influenced the case.
XRP’s leadership and legal personnel recognized
More recently, in a post to X, Alderoty praised Ripple’s CEO, Brad Garlinghouse, and his tenacity throughout the legal process. Alderoty emphasized Garlinghouse’s pivotal role in sustaining the team’s morale and enabling Ripple to overcome intricate regulatory obstacles.
Alderoty also focused on Ripple’s internal legal teams, stating that they played a vital role in the company’s ability to defend itself against the SEC’s accusations. Alderoty emphasized the importance of developing a legal approach that would benefit the firm.
He said these in-house contributors quietly contribute to the process without much attention to themselves, with the main objective of making a mark for the crypto industry.
Community Support and Broader Implications
Ripple CLO thanked the XRP community, widely known as the XRP Army, for supporting and believing in Ripple’s business. The community was useful in ensuring Ripple’s message was disseminated majorly and kept pushing its agenda during the lawsuit.
The legal confirmation that XRP is not a security when traded in the secondary market is good news that goes beyond Ripple’s case. Ripple’s actions have offered a structure to combat regulatory aggression that can help shape other current and future cases related to digital assets.
Regularity of Services and Political Background
Alderoty’s remarks come against this backdrop of significant shifts in the United States’ regulatory and political climate. Additionally, Gary Gensler will leave for the post of SEC Chairman on January 20, 2025. Coinciding with the inauguration of Donald Trump, there are possibilities of drastic changes in the regulatory actions regarding cryptocurrencies. Promises to reduce SIP’s perceived antagonism towards the digital asset market stood out in Trump’s campaign as voters appreciated it.
Persons like Howard Lutnick as Commerce Secretary and Scott Bessent as Treasury Secretary part of Trump’s administration, point towards a change for digital assets. Gensler’s successor at the SEC has not been named yet, and such speculation of new leadership reconsidering the appeals in progress.
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