Ripple and its token XRP have become pivotal figures in the cryptocurrency industry in late 2024, facing challenges from the SEC and achieving historic market highs.
Stuart Alderoty Critiques SEC
Ripple's Chief Legal Officer, Stuart Alderoty, has harshly criticized the SEC's tactics, labeling them 'lawless.' He asserts that the SEC misuses its power to pursue its own interests over legal adherence, highlighting Ripple’s previous warnings about the agency’s methods.
Ongoing Legal Battle
Despite Ripple’s courtroom victory in July 2023, the SEC plans to appeal this decision in appellate courts in 2024. The outcome of this case could have long-term implications for the regulation of digital assets in the USA.
XRP's Success Amid Political Changes
XRP reached historic highs in 2024, peaking at $2.90 in December. This surge is attributed to Donald Trump's presidential election victory and developments in XRP’s ecosystem, including the introduction of the RLUSD stablecoin.
Ripple and XRP continue to be at the forefront of the crypto sector, showing resilience and shaping both regulatory and market dynamics.
