Ripple and the SEC have officially ended their legal battle with both parties dropping their appeals, allowing the company to shift focus toward innovation and growth under what they perceive as a more crypto-friendly administration.
CEO Brad Garlinghouse stated that the “Gensler-SEC had been on the wrong side of the law” and credited the change in White House and SEC leadership for creating a more “pro-innovation” regulatory environment.
The acquisition of Hidden Road for US$1.25 billion aims to make Ripple “the largest non-bank prime broker globally” – a deal Garlinghouse admits would have been impossible under the previous administration.
With regulatory clarity established, Ripple plans to increase…
