The SEC has criticized Ripple’s planned stablecoin, yet to be launched, as an “unregistered crypto asset,” continuing the longstanding conflict between the two.
Due to the regulatory challenges in the US the company’s CEO Brad Garlinghouse remains focused on global expansion and establishing XRP’s role in the future financial infrastructure., but that seems like no obstacle for the US Securithe cryptocurrency industry in the past few years must be aware that this is not the first confrontation between America’s securities regulator and Ripple.
Last month, the lawsuit entered its trial phase with numerous developments, such as filing letters and motions. Earlier this week, thethat the spat has moved to a stage with fewer actions where both sides must wait for the judge’s decision.“We are going to keep expanding even though the US market, partly from a regulatory point of view, has been slow to adopt.
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