- Crypto Regulation Issues in the US
- Ripple's Recent Court Victories Against the SEC
- Ripple Advocates for RLUSD
At the Financial Markets Quality Conference 2024, Ripple’s Chief Legal Officer Stuart Alderoty discussed the issues of crypto regulation in the US along with representatives from major crypto companies.
Crypto Regulation Issues in the US
Stuart Alderoty once again emphasized the lack of clear cryptocurrency regulations in the US, referring to the situation as a 'regulatory cloud'. He claimed that once this cloud is removed, and the US gets some policy clarity, Ripple will become the most trusted source for enterprise support for crypto solutions in the country.
Ripple's Recent Court Victories Against the SEC
Recently, Ripple achieved significant court victories against the SEC. Last year, federal judge Analisa Torres ruled that XRP sales on secondary markets did not qualify as security sales, officially categorizing XRP as a non-security. This year, the SEC requested the court make Ripple pay $2 billion in fines, but the judge ruled that Ripple only has to pay $125 million.
Ripple Advocates for RLUSD
In the latest X post, Ripple's official account shared an article on stablecoins, highlighting their revolutionary role in transnational payments. Ripple underscored that the fiat-backed stablecoin market cap today is over $100 billion. Ripple noted that RLUSD is built with regulatory compliance as a defining feature, opening opportunities for developers, payment providers, and exchanges.
The discussions at the Financial Markets Quality Conference 2024 confirmed the relevance of crypto regulation issues and the significance of Ripple's legal victories in the current context.
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