Ripple continues to be vocal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), calling for the agency to rebuild trust.
Chronology of the legal proceedings
Four years ago, the SEC accused Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen of illegal sales of XRP tokens as unregistered securities. The case has been in court for four years. In 2023, Ripple managed to achieve a partial legal victory; however, the SEC has filed an appeal.
Criticism of former SEC officials
Ripple's chief legal officer Stuart Alderoty criticized former SEC official William Hinman. Hinman's statements about Ethereum's regulatory status have been a point of contention throughout the case.
Hopes for forthcoming changes
With Donald Trump set to become the new president, there are hopes in the industry for a more favorable attitude toward cryptocurrencies and potential changes in SEC leadership. A new leadership could establish clearer rules for digital assets, which Ripple sees as an opportunity to improve transparency and trust in the industry.
Despite ongoing legal challenges, Ripple remains optimistic about the possible policy changes that could lead to fairer conditions in the cryptocurrency industry.
