Ripple Is Preparing to Expand in the United States After the SEC Dropped Its Appeal Against the Company

Ripple achieved its milestone after enduring multiple years of intense legal conflicts. CEO Brad Garlinghouse views current U.S. market conditions as an opportunity to maximize both expansion and product usage.

The U.S. Securities and Exchange Commission (SEC) has dropped its appeal against Ripple, paving the way for the company to expand within the country.

After several years of legal battles, Ripple finally reached a settlement with the SEC, marking a significant milestone for the cryptocurrency firm.

In an interview on Fox Business, Ripple CEO Brad Garlinghouse discussed the implications of the SEC case settlement and the broader crypto landscape in the United States.

Garlinghouse highlighted the sluggish nature of SWIFT, the global payment network operating for 50 years. He noted that SWIFT processes $150 trillion per year but at a pace deemed slow in today’s technological landscape.

In contrast, Ripple’s technology enables transactions at a tenth of the cost and in a fraction of the time, simplifying global payment transactions.

Moreover, U.S. crypto regulations are becoming increasingly supportive of the industry. The new SEC leadership has shown more favorable attitudes toward blockchain industries.

With the abolishment of SAB 121, banking institutions can now easily store cryptocurrency, and a task force is focused on developing clear regulations, creating a better business environment for blockchain enterprises.

These recent developments have brought optimism to money institutions and investors.

Garlinghouse mentioned that Ripple was the first crypto enterprise to face an SEC lawsuit, which had a significant impact due to the company’s vast financial reserves.

The long-running legal battle between Ripple and the SEC resulted in substantial financial losses for the company, exceeding $150 million in legal expenses.

However, Garlinghouse asserted that the settlement outcome was beneficial as it opens avenues for Ripple to expand its business operations in the U.S. market.

Growth elements are largely driven by the increasing need for stable regulatory frameworks.

Garlinghouse noted that pending bills in Congress for stablecoins and market structure would introduce additional legal clarity. Through these policies, he predicts further crypto market development and job creation.

The SEC case settlement comes after Ripple had already conducted most of its business outside the United States.

International financial institutions formed the majority of Ripple’s customer base at 95%, with major banks like HSBC and BBVA among its global clients.

But now, as regulatory uncertainty lessens, American businesses are engaging more with Ripple.

Garlinghouse disclosed that Ripple signed more agreements in the six weeks following former President Donald Trump’s presidential win than they did in the previous six months.

He believes blockchain technology will transform financial infrastructure over the next 10 to 20 years. This emerging technology has the potential to revolutionize not only traditional payment systems but also real estate deals and securities transfer operations.

In his view, the modern impact of this change is largely underestimated.

XRP, despite being Ripple’s default token, has remained stable. The market value of XRP is currently at $2.44, managing to stay above the crucial support level of $2.40.

XRP has also achieved an impressive feat by gaining over 50% market share in spot trading, surpassing Solana in this domain.

According to studies, the possibility of an XRP exchange-traded fund (ETF) approval is now highly likely.

Data from Polymarket indicates that there is an 83% probability of an XRP ETF being approved before 2025.

The market signals are showing bullish behavior, and analysts predict that XRP may reach the target prices of $2.9990 and $3.4000.

With the legal victory and the presence of favorable market factors, Ripple is well-positioned for expansion. The company is prepared to broaden its services and increase its role within the financial sector.