2025-01-16 08:13

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- Ripple's Chief Legal Officer, Stuart Alderoty, and CEO, Brad Garlinghouse, express dissatisfaction with the SEC's appeal delay decision
- Ripple Maintains XRP Market Strength Amid Legal Battles with SEC
[Unblock Media] Stuart Alderoty, Ripple's Chief Legal Officer, expressed displeasure over the decision by the U.S. Securities and Exchange Commission (SEC) not to delay its appeal. This situation is significant, even as the SEC Chairman is set to resign, because the SEC is continuing with its current legal actions. Ripple CEO Brad Garlinghouse commented on this by posting on his Twitter, "One definition of insanity... Doing the same thing over and over and expecting different results. Gensler's SEC really took this to heart." Twitter post
Notably, with the change in SEC leadership following President-elect Trump’s inauguration on January 20, Ripple's legal circumstances could be heavily influenced. For example, if a new SEC Chairman takes office, it is likely that the current regulatory approach towards cryptocurrencies could be relaxed. Ripple CEO Brad Garlinghouse is also optimistic about these changes, which could significantly positively affect Ripple's future legal situation. Experts believe this leadership change will create a favorable legal environment for Ripple.
Despite these legal issues, Ripple has shown strong performance in the cryptocurrency market. Specifically, the price of the XRP token has seen a significant increase in recent months. Since early November 2024, XRP has recorded a 466% increase, leading the market, and current analysts see a high possibility of further price increases. Key supporters have also increased, indicating growing trust in the XRP ecosystem. According to Market Intelligence Firm Santiment, the number of XRP holders has increased by 58,000 since early 2025. This increase in key supporters is attributed to the optimistic outlook for resolving Ripple's legal issues, along with strong trust in Ripple's technological foundation. Additionally, increased participation from institutional investors has boosted market confidence. Santiment reports that if legal uncertainties are resolved, there will be more instances of institutional investors including XRP in their cryptocurrency portfolios.
Additionally, the XRP/BTC pair broke a significant resistance level at the end of 2024, setting a new all-time high at that time. This is a notable breakthrough over an 8-year resistance level, and market analysts predict XRP will outperform Bitcoin by at least 538% in the coming months. The basis for this analysis includes market fractal charts suggesting a repeat of XRP's 2017 bull run.
Lastly, the appointment of U.S. Congressman Tom Emmer as Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence is noteworthy. Congressman Emmer's appointment, along with the crypto-friendly policies of the Trump administration, will be very positive signals for Ripple. Congressman Emmer has proposed a budget amendment to limit the SEC's authority, which would provide a more favorable environment for cryptocurrency companies to operate freely. He is known to be a supporter of Ripple, which is considered very positive news for XRP. According to DLNews, these political changes are expected to play an important role not only in resolving Ripple's legal issues but also in boosting XRP's market value and adoption rate. Crypto influencer Amelie expressed strong confidence in the price rise for Ripple on Twitter by stating, "Congressman Tom Emmer has been appointed Vice Chairman of the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence! 🇺🇸 He supports XRP and has consistently backed Ripple. 🙌🏼 This is very positive news for XRP! 🚀"
Thus, despite temporary legal obstacles, Ripple appears to have a better future outlook, sustained by strong market performance and an increase in supporters. It will be worth watching how these situations will affect Ripple and the XRP market moving forward.
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