Ripple is ruling out any plans to reach an agreement with the SEC as the company continues to act aggressively.
No settlement plans
In one recently tweet Financial analyst and journalist Charles Gasparino wrote that Ripple’s legal team had told financial media company Fox Business that it had no plans to resolve the lawsuit with the SEC.
“In pursuing the case, winners and losers in the crypto business will be selected at the expense of innovation.“
BREAK: @Ripple‘s legal team tells @FoxBusiness You have no plans to deal with w. settle down @SEC_Enforcement because of a lawsuit about XRP, confident they can show it @GaryGensler In pursuing the case, winners and losers will be selected #Crypto Business at the expense of innovation. Develop story
– Charles Gasparino (@CGasparino) 17.09.2021
Thrift in Ripple’s attitude
Well, that’s something for the SEC to be careful and worry about. Back in January of that year, when Ripple CEO Brad Garlinghouse was asked the similar question of whether Ripple would be viewed as an outside settlement with the SEC, he had responded without giving any details they had attempted and in the best interests of the community. Consumers and the market will continue to do so. This savings statement is clearly explanatory and shows a shift in Ripple’s strategy.
Future of crypto regulation in the US
The assertiveness with which Ripple is proceeding in the lawsuit is not in vain. In fact, throughout the case process, Ripple has proven to be an aggressor pushing the Fed regulator into the background.
For the SEC, the outlook doesn’t look good at all. If Ripple continues to pursue the same strategy and get the SEC to drop the lawsuit, it would certainly earn the Fed regulator a bad name.
On the contrary, the outlook looks pretty good for Ripple and the crypto community as a whole. As far as regulation in the US goes, the community will likely have a clear path forward once the lawsuit is closed.