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Brad Garlinghouse in the past stated, “Cryptocurrency and blockchain technology need clear regulatory and licensing frameworks designed to address and remedy the specific challenges to our industry.”
Previously, Garlinghouse stated, RippleX – full speed ahead on establishing a multitude of capabilities to the XRP Ledger – NFTs, CBDCs, interoperability bridges, sidechains and so much more – working hand in hand with devs and partners around the world. It’s a multichain world after all.
RippleNet is much more than cross-border payments – it’s bringing crypto-native services such as liquidity to enterprises. Today, the network has a volume run rate >$10B. Huge props to the team for continuously upping their game & leaning into new capabilities every year.
Ripple believes that their policy framework is made in a way to help realize the potential of cryptocurrency for everyone.
Once XRP gets regulatory clarity, it will not be suppressed like it has been for the past few years. After that there will not be a bear market for XRP either.
XRP advocates strongly believe that after the XRP is deemed as not a security by the SEC and when it becomes the only regulated crypto, any chance at accumulating XRP under double digits will disappear overnight. Those still on the fence about it will get off the fence. It is important to dive in hard before it’s too late.
Community members also believe that after XRP derives regulatory clarity, many altcoins will be under threat. The XRP will throw many off the market. XRP has huge potential. If this company does something, it does it very well. Not fast, but 100% successful.
The important of all is that if If Ripple wins the lawsuit, then all other altcoins will be able to use the same frame work, strategy and argument which Ripple used to beat the SEC.
However, those who are sure of the speed of the legal system have to state that “At the rate which they add extensions to the lawsuit, clarity will come in, oh *calculating* 2027.”
Until now Ripple is fighting hard and no one knows when the clarity will come.
It is well known that XRP is the heart of XRPL and the more use cases the better. Apart from the law suit and the apprehension that it created in the minds of investors, all about Ripple is going cool. The development activities are all continuing as ever before. Good things go through tough fights. Hopefully Ripple wins – thus improving the prospects for XRP.
Hub: XRP price, news, and analysis
