Lawyers confidence Ripple will be most trusted crypto source

Ripple’s lawyer is confident that the company will be the most trusted source in the US once regulations become crypto-friendly.

Ripple’s General Counsel Stuart Alderoty believes that the company will soon become the most trusted source for business in the country. This belief comes after the Trump administration aimed to become crypto-friendly.

He expects the future of the crypto industry to have better regulations and policy transparency. Trump Years later, this issue came to the agenda during Biden’s presidency.

“Once this regulatory cloud is lifted and we have some clarity on policy in the US, we will be the most trusted source of institutional support for crypto solutions in the US.”

Here’s what Alderoty says about the Psaros Financial Markets and Policy Center event video published on X:

Recently, Ripple rose to the 3rd place as the largest cryptocurrency by market cap but they later moved towards Tether’s USDT after the XRP price dropped to $2.33 at the time of writing.

While it remains one of the most prominent tokens, Ripple has faced several incidents and has stumbled in growth over the past few years.

Ripple lawsuit against US agency

Over the past few years, Ripple has faced numerous lawsuits against the Securities and Exchange Commission (SEC). This case started in 2020 with the sale of XRP, which was considered an unregistered security.

In July last year, the court ruled that XRP sales were not collateral because the product did not comply with the investment contract. But U.S. District Judge Analisa Torres still fined the company $125 million for violating corporate sales.

Later in October 2024, the commission challenged the court’s decision, requesting further review of XRP’s classification. This incident affected not only the company but also the crypto industry.

Following the announcement of Paul Atkins as SEC chairman, the Ripple executive praised Trump’s decision. Brad Garlinghouse called this an “extraordinary choice” as he hopes this will be the end of the crypto ban era.