Ripple has signed more deals in the U.S. in the last six weeks than in the previous half-year, coinciding with the election of a pro-crypto president, sparking hopes for better market regulation.
Ripple's Growing Partnerships in the U.S.
Ripple's CEO, Brad Garlinghouse, highlighted the company's active partnership agreements in the U.S., with more deals signed in the last six weeks of 2024 than in the first half of the year. This aligns with the election of a president favorable to cryptocurrencies, raising hopes for improved regulation.
Legal Battles and Their Impact on Ripple
Many countries have learned from Ripple's lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). Accused of selling securities via XRP, Ripple twice won in court. In 2024, Ripple reduced a fine from $2 billion to $125 million, providing greater clarity for the crypto industry.
Hopes for Crypto Policy Reforms
John Deaton expressed hope that the change in SEC leadership in January 2024 will lead to meaningful reforms. He anticipates reforms to have a positive impact not only on the cryptocurrency sector but also on other innovative industries. These changes could reestablish the U.S. as a leader in the global digital economy.
Ripple's successes and agility in navigating complex legislation highlight the need for reforms. Clearer regulations could significantly accelerate the development of the U.S. crypto industry.
