News View Non-AMP

Ripple News: BitGo CEO Joins Forces with Ripple in Defending Against SEC Lawsuit

Published by
Nidhi Kolhapur

Ripple, the company behind the cryptocurrency XRP, has received support in its legal battle against the U.S. Securities and Exchange Commission (SEC) from Mike Belshe, the CEO of BitGo, a digital asset custodian. Belshe expressed his support on Twitter, not because he favors XRP, but because he believes a favorable outcome for Ripple could lead to positive regulatory changes in the industry. He drew a comparison between the early days of Bitcoin and the current situation with Ripple, highlighting the need for clear guidelines to foster innovation in the digital asset space.

The Ripple vs. SEC case, which has been ongoing for two years, is now approaching its final stages, generating significant anticipation within the crypto industry. The outcome of this lawsuit could have a profound impact on how cryptocurrencies are regulated. Both Ripple and the SEC are presenting their arguments and evidence, with industry insiders eagerly awaiting the court’s decision and its implications for the future of digital assets.

Interestingly, Brad Garlinghouse, the CEO of Ripple, has expressed optimism about the SEC’s complaint, which alleges that XRP was offered as an unregistered security. Garlinghouse mentioned that the long-awaited verdict will be announced soon, hinting that a judgment could be reached in the coming weeks, particularly after resolving the matter concerning crucial Hinman Docs.

The support from BitGo’s CEO and the anticipation surrounding the Ripple vs. SEC case underlines the ongoing discussions about crypto regulations and the potential impact on the digital asset industry.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025