Just last week, a federal court judge ruled that XRP was not a security in a notable decision against the US Securities and Exchange Commission (SEC). In a development that will certainly have massive implications for the industry, Ripple has hinted at what’s to come following the landmark ruling.
In a new report, Ripple has clearly stated its continued intention to pursue clear and fair regulation in the United States. However, this pursuit is far from complete, as there is so much work to be done. Additionally, the company has stated that it will remain focused on investment in regions that have already embraced such a clear regulatory framework.
Also Read: SEC and Ripple Now Ordered to Explore Settlement Options
What’s Next for Ripple After Historic Ruling?
The last two years have seen a rather intense legal fight between the SEC and Ripple. Based on the security status of its native asset, the two have been embroiled in constant conflict. However, that was quilled a bit last week with the arrival of a near-historic ruling.
Now, Ripple has hinted at what’s to come following the landmark court ruling. Specifically, the company has tweeted a brand new report highlighting the court’s decision and breaking down just where they will go from here. Noting the responsibility the company still bears for regulatory development in the US.
“Ripple’s Pursuit of sound crypto regulation in the US is far from concluded; in fact, this is just the beginning. In the meantime, Ripple will continue to invest in jurisdictions that have embraced clear regulatory frameworks,” the company stated.
Also Read: When Could XRP Climb Above $2?
Additionally, the report noted that the Monetary Authority of Singapore had granted Ripple an In-Principle Approval (IPA) for a payments institution license. Subsequently, speaking on US-based crypto exchanges. Referring to the ones that have relisted XRP or announced their intention to do so. Among those, they listed Coinbase, Kraken, Gemini, and more.
For many of the industry’s surface-level observers, Ripple was defined by its conflict with the SEC. However, they have continuously remained a positive force for digital asset development. Now, that development can continue through this positive ruling. One that should set the trajectory for its work to continue in the US.
