Ripple President, Monica Long, has expressed her satisfaction with the recent outcome of the company’s legal battle with the U.S. Securities and Exchange Commission (SEC). The judge ruled that XRP is not a security, providing clarity for Ripple’s future operations. However, the judge did agree with the SEC’s claim that Ripple’s sale of XRP to institutional buyers constituted a securities offering. Long mentions that the company has experienced significant growth in foreign jurisdictions such as the United Kingdom, Europe, Singapore, and Dubai, which offer more regulatory clarity than the US. Despite this, Ripple is now looking to re-engage with the US market.
AI Sentiment: Positive