News View Non-AMP

XRP Lawsuit News: We’re Prepared for a Full-Blown Fight With the SEC- Says Ripple President

Published by
Nidhi Kolhapur

Ripple, the renowned cryptocurrency company, is gearing up for an intense courtroom showdown with the U.S. Securities and Exchange Commission (SEC). The firm’s president, Monica Long, emphasized that they are committed to pushing back with full force in their ongoing lawsuit.

Ripple’s Steeled Resolve

Monica Long, in a recent discussion with CNBC, articulated Ripple’s determination to take their battle against the SEC to the very end. The primary objective is to continue seeking clarity and transparency on regulations for their operations. Interestingly, the court has made a crucial ruling: Ripple’s cryptocurrency, XRP, isn’t categorized as a security. This revelation has handed Ripple a significant advantage, granting them broader avenues to extend their business, both domestically and internationally.

Not Alone in the Quest for Clarity

Ripple’s tussle for regulatory lucidity is a sentiment echoed across the crypto landscape. Leading crypto platforms, Binance and Coinbase, are also challenging the prevailing “regulation by enforcement” approach, as Long pointed out. The collective aim is clear-cut guidelines on crypto operations that would foster innovation while maintaining the integrity of the financial ecosystem.

Above Board Operations: Ripple’s DNA

Consistently, Ripple has championed the notion of working in tandem with regulators. Monica Long stressed the importance of this collaborative approach, emphasizing how their ethos revolves around engaging with policymakers. When Ripple crafts a product, compliance isn’t an afterthought—it’s central to the process. She further elaborated that Ripple’s commitment goes beyond mere compliance. Being recognized as a financial services provider with requisite licenses underscores their dedication to operating ethically and transparently.

Monica’s words underline Ripple’s ethos: In the world of finance, to inspire trust, one must not only play by the rules but often go above and beyond.

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

Pi Coin Price Prediction: Can PI Bounce Back After Recent 68% Drop?

Pi Network (PI) has been trapped in the wider crypto market bearish outlook. The mid-cap…

April 1, 2025

Japan Crypto Regulation: Major Shift as Digital Assets Could Be Classified as Financial Products

Japan is making big moves to regulate crypto, and it could change the game for…

April 1, 2025

Scam Alert: Fake Gemini Bankruptcy Emails Circulating!

Scam emails are making the rounds in the crypto community, falsely claiming that Gemini is…

April 1, 2025

Ethereum Price Prediction 2025: Can ETH Recover or Will It Crash Further?

The wider cryptocurrency market opened the last week of the first quarter of 2025 with…

April 1, 2025

Big News: SEC Moves Forward with $150 Million Lawsuit Against Elon Musk

According to ABC News, the Securities and Exchange Commission has decided to continue it’s $150…

April 1, 2025

Crypto News 1st April : Gemini Bankruptcy, Hang Seng Index, Pi Crypto Price , Ethereum Price live

April 1, 2025 05:58:10 UTC Pi Network News: Ad Network Integration Begins, Boosting App Monetization…

April 1, 2025