One of the most talked-about topics in the cryptocurrency world is the legal battle between Ripple and the US Securities and Exchange Commission (SEC). It began in December 2020 when the watchdog filed a lawsuit against the company, alleging that it had raised more than $1.3 billion by selling its cryptocurrency, XRP, in an unregistered securities offering.
Over the years, the case saw numerous developments, and Ripple was able to secure some significant partial court victories. Stuart Alderoty, the company’s top legal officer, most recently posted on X, implying a total triumph and igniting a great deal of excitement among XRP investors.
He commended the “courage” and “resilience” of Ripple’s team, who “provided the blueprint to defeat Gary Gensler’s inexplicable war on crypto.”
“We kept the door open long enough for the industry to survive and seize this incredible moment. The faith and support of the XRP Army provided much-needed hope in the darkest days. Thank you,” the post reads.
Many X users believed that Alderoty might have inside knowledge that the incoming Trump administration might encourage a speedier conclusion, even though no formal announcement indicates that the issue has been officially settled.
Gensler to Step Down in January
Recently, the XRP army had reason to rejoice. Gary Gensler, the chairman of the SEC, said last week that he will resign on January 20. The agency brought several lawsuits against cryptocurrency companies during his term, including the one against Ripple noted above.
Given that Donald Trump assured that he would fire him as soon as he took office, his departure was rather anticipated. The identity of Gensler’s successor is yet unknown, although there are hints that the incoming Chairman may support cryptocurrency.
It will be intriguing to observe whether Alderoty’s enigmatic post will be followed by a possible resolution announcement or if more significant changes will be implemented by next year.
Conclusion
The ongoing legal battle between Ripple and the SEC, initiated in December 2020 over allegations of unregistered securities sales via XRP, remains a focal point in the crypto world.
Ripple has achieved key partial court victories, with recent comments by its legal chief, Stuart Alderoty, sparking speculation about an imminent resolution. The departure of SEC Chair Gary Gensler in January 2025, alongside anticipated pro-crypto policies under the incoming Trump administration, has fueled optimism among XRP supporters.
While no formal resolution has been announced, the developments hint at a potentially favorable outcome for Ripple and a broader shift in regulatory attitudes toward cryptocurrencies.
Anthony Pedro
Anthony Pedro is a seasoned crypto writer with a deep passion for blockchain technology and digital currencies. With over 4 years of experience in the cryptocurrency space, Anthony has become a trusted voice, offering insightful analysis and commentary on the latest trends, innovations, and market movements. When not writing, he is actively engaged in the crypto community, attending conferences, advising blockchain startups, and experimenting with new projects.