The trouble began in December 2020 when the US Securities and Exchange Commission (SEC) sued Ripple. The lawsuit left the company uncertain. Now, the case has ended. The SEC dropped its claims and returned a $75 million fine. This lets Ripple sell its XRP token to big US investors. It also frees the company to grow without pressure.
Garlinghouse explained that Ripple aims to link traditional finance with blockchain technology. He sees huge potential in the US. Banks and financial institutions there now welcome cryptocurrencies more. The Office of the Comptroller of the Currency (OCC) recently allowed national banks to offer crypto and stablecoin services. This could open doors for Ripple.
Ripple competes with stablecoins like USDT and USDC. Even so, it sits in a strong spot to expand in the US. The legal battles are over. Regulations are starting to change. Ripple can now grab new opportunities and grow its presence in the American market.
