Ripple’s legal officer hints at triumph over the SEC, fueling rumors of an imminent settlement and reigniting bullish XRP sentiment.
Ripple’s Legal Battle Nearing a Conclusion?
Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has reignited speculation about a potential settlement with the U.S. Securities and Exchange Commission (SEC). In a cryptic tweet, Alderoty celebrated Ripple’s persistence in standing up to the SEC, praising the efforts of Ripple’s leadership and legal team.
Victory has a thousand fathers, but make no mistake. The courage of Brad and Chris, and the resilience and expertise of Ripple Team Legal (most of whom are nameless and never sought the Twitter spotlight) paved the way. Ripple provided the blueprint to defeat Gary Gensler’s…
His remarks come amidst swirling rumors triggered by SEC Chair Gary Gensler’s announced retirement. Within the XRP community, the timing has intensified discussions about a possible resolution to the years-long legal standoff.
Victory “Has a Thousand Fathers”
In his tweet, Alderoty declared, “Victory has a thousand fathers,” underscoring Ripple’s strategic success against what he described as Gensler’s regulatory overreach. He credited Ripple for paving the way for the broader crypto industry to resist similar challenges.
Tomorrow (Monday) is the day.
Prominent voices, including Michael Arrington of Arrington XRP Capital, chimed in, with Arrington teasing on social media that “today might be the day.”
XRP Holds Ground Amid Rumors
Despite the mounting excitement, XRP has seen modest price movement, consolidating below its weekend high of $1.62. As of now, XRP trades at $1.46, showing less than 1% gains over 24 hours. Nonetheless, investor sentiment remains largely optimistic, with 87% of CoinMarketCap respondents forecasting further price increases.
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