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