Ripple Clears Regulatory Hurdle
Ripple CEO Brad Garlinghouse announced the company’s renewed focus on the U.S. market after the SEC formally dropped its long-standing lawsuit against the firm. The legal saga, which began in December 2020, accused Ripple of selling XRP as an unregistered security. The case is now officially closed, with the SEC returning a $75 million fine and allowing XRP to be sold to institutional investors.
95% of Ripple’s Customers Are International
Garlinghouse noted that while most of Ripple’s business currently comes from outside the U.S., the legal win provides a clear path for domestic expansion. The company aims to reduce its reliance on international clients and deepen its partnerships with U.S. banks and financial institutions.
Crypto-Friendly Momentum Under Trump
Ripple’s renewed U.S. push coincides with the return of Donald Trump to the White House. The administration has been signaling support for the crypto sector, including the creation of a federal Crypto Advisory Council. Garlinghouse is reportedly in discussions to join the council, which could give Ripple even more influence in shaping crypto regulation.
Banking Sector Opens to Blockchain Tools
In another boost for Ripple, the Office of the Comptroller of the Currency (OCC) now permits banks to offer crypto and stablecoin custody without prior approval. This regulatory clarity opens the door for Ripple to expand its blockchain-based cross-border payments and custody services through U.S. banking partners.
Challenges Remain in Stablecoin-Dominated Payments
Despite the momentum, Ripple still faces stiff competition from dominant stablecoins like USDT and USDC. And while the SEC is no longer in the way, broader regulatory uncertainty still clouds the landscape. Nevertheless, Garlinghouse remains optimistic, calling this “the moment we’ve been waiting for.”
