Brad Garlinghouse and legal team’s role: Stuart Alderoty, legal chief of Ripple Labs Inc., acknowledged the efforts of CEO Brad Garlinghouse and Ripple’s legal team in the XRP lawsuit. He emphasized Garlinghouse’s ability to maintain team spirit, helping Ripple overcome complex legal hurdles.
XRP community and their significant contributions: Alderoty thanked individuals and organizations who assisted in the lawsuit, particularly the XRP community, known as the “XRP Army.” They greatly supported and trusted Ripple’s work, bolstering the company’s stance against SEC’s allegations.
Impact of regulatory changes in the US: The upcoming departure of Gary Gensler, SEC Chairman, along with new political appointments, may lead to shifts in cryptocurrency regulation in the US. Alderoty sees this as an opportunity for the market to adjust and grow stronger with more favorable regulations.
Future of XRP and the industry: Gary Gensler is expected to leave the SEC on January 20, 2025, coinciding with Donald Trump’s inauguration. This suggests the possibility of substantial changes in regulatory actions related to cryptocurrencies, with new personnel likely having a more positive view of digital assets.
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