Ripple CEO: "SEC Lawsuit Withdrawal, Opportunity for US Market Revival"

Uk Jin

Summary

Ripple's Brad Garlinghouse CEO stated that the SEC lawsuit withdrawal provides an opportunity to enter the U.S. market.
He mentioned that this measure is expected to increase contracts and expand business for Ripple in the U.S. market.
He emphasized that the withdrawal of legislation by the SEC and OCC allows financial institutions to enter the virtual asset market, and that the market is currently underestimating this.

Brad Garlinghouse, CEO of Ripple, who has been in a legal battle with the Securities and Exchange Commission (SEC) for years, shared his thoughts on the SEC's withdrawal of the lawsuit against Ripple.

On the 25th (local time), CEO Garlinghouse stated in an interview with Fox Business News, "Due to the lawsuit with the U.S. Securities and Exchange Commission (SEC), 95% of our customers were outside the United States," and "However, with this lawsuit withdrawal, we have entered the U.S. market, and now the situation will change."

He added, "Since President Donald Trump took office, we have felt an increase in interest in the U.S. market. Compared to before President Trump's inauguration, we are currently signing a significantly higher number of contracts."

After the interview, CEO Garlinghouse conveyed through his X (formerly Twitter) account, "With the SEC and the Office of the Comptroller of the Currency (OCC) withdrawing (virtual asset-related) legislation, financial institutions are allowed to enter the virtual asset market," and "I believe this aspect is still underestimated in the market."

XRP