Ripple Targets U.S. Expansion Following SEC Lawsuit Dismissal
Ripple CEO Brad Garlinghouse announced that 95% of Ripple’s customers are outside the U.S., but the company plans to expand in the American market following a significant legal victory against the SEC. The SEC has dropped its lawsuit claiming that XRP was an unregistered security, returned a $75 million fine, and withdrawn its appeal.
- Ripple can now sell XRP to institutional investors without restrictions.
- The U.S. remains a key market for Ripple, aiming to grow its client base domestically.
- Political support for digital assets is increasing under President Trump's second term, including the creation of a Crypto Advisory Council.
- The Office of the Comptroller of the Currency allows U.S. banks to offer crypto custody services without prior approval.
- This regulatory change may facilitate new partnerships for Ripple in cross-border payments and digital asset custody.
- Ripple faces competition from dominant stablecoins like USDT and USDC.
- Despite legal challenges easing, uncertainty in U.S. crypto regulations persists.
The conclusion of the SEC lawsuit allows Ripple to focus on U.S. expansion amidst shifting regulations and a more favorable political climate.