Ripple CEO Brad Garlinghouse recently got the XRP community excited with a post hinting at a significant year ahead for the company and, potentially, the entire crypto industry. Garlinghouse posted, “LFG! 2024 is going to be big.”
His brief post on X was a response to an official Ripple announcement revealing Garlinghouse’s participation in the World Economic Forum (WEF) in Davos alongside notable figures from the financial and regulatory spheres.
Read Also: Ripple CEO To Ex-SEC Chair Jay Clayton: “Watching this clip makes my blood boil”
Garlinghouse, known for his unwavering optimism and support for XRP, has long championed the digital asset’s legitimacy in the financial world. He has led Ripple through a challenging three-year legal battle with the U.S. Securities and Exchange Commission (SEC) after the SEC accused the company and its executives of selling unregistered securities. Ripple is currently on a winning streak, with three consecutive victories over the SEC.
The first decisive victory came in July 2023 when Judge Analisa Torres ruled that XRP itself is not an investment contract, and its sale on trading platforms to retail investors did not constitute a securities offering. This ruling was a major turning point, and it sent XRP surging to $0.93, a level it had not reached in over a year and has not reclaimed since then.
This ruling lifted a cloud of uncertainty over Ripple, allowing it to focus on growth as a blockchain payments company. While it forged new partnerships and recorded major developments amid the lawsuit, the court’s decision paved the way for similar expansion within the US, including further partnerships, strategic acquisitions, or Central Bank Digital Currency (CBDC) innovation.
Read Also: Ripple CEO Echoes 3 Consecutive Victories against SEC, As XRP Gets Clearer Path to the Future
The crypto market entered 2024 with a bang. The SEC recently approved spot Bitcoin ETFs, ending a protracted struggle in the process. The historic decision, marking a shift in the regulator’s stance, opens the door for institutional and corporate investors to enter the crypto space.
Although the U.S. still lags behind many countries in terms of crypto regulation, the SEC is taking steps in the right direction. Although the regulator is being compelled by the courts to do so, the crypto community sees it as a win and expects further advancements and reasonable regulation in the United States.
However, until the regulatory landscape becomes clear, other countries will keep enjoying crypto advancements, as Ripple started seeking IPO opportunities outside the U.S.
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