9/21/2023 0 Comments Ashampoo burning studio 19 key![]() In particular, Ripple’s expansion in the UK has been outstanding, with the firm mulling further investments. That’s where we see a lot of growth potential for our business around payments,” Long posited. “I think that is reflective where there is regulatory clarity, places like the UK, Europe, Singapore, Dubai, and the Middle East. The company has experienced considerable growth in international markets, particularly where there is clear regulatory guidance regarding digital assets. Long told CNBC on August 2 that Ripple’s operative strategy is not solely focused on the U.S. Securities and Exchange Commission (SEC) slapped Ripple with a $1.3 billion lawsuit, alleging that the company misled investors and was selling unregistered securities in the form of XRP.īut on July 13, federal district judge Analisa Torres of the Southern District Court of New York declared that programmatic sales of XRP to retail investors did not qualify as securities. And we are re-engaging with the US market.” We’re very happy about it because we now have clarity in terms of how Ripple will operate its business going forward. “It’s been a couple of weeks now since the judge’s ruling in our case, providing clarity that XRP is not a security. ![]() In an interview with CNBC, Ripple’s Monica Long voiced enthusiasm for the clarity the recent court ruling offers and described how it will shape Ripple’s operational strategy from now on. due to the lack of clarity from regulators about XRP’s legal status. Previously, the company had threatened to move away from the U.S. Ripple has seemingly walked out on the threat to leave the US. Ripple Planning To Expand Engagement In U.S This development follows the historic court ruling clarifying that the payment network’s token XRP does not qualify as an unregistered security in the US. Ripple President Monica Long has announced the company’s plans to seek market opportunities in the United States.
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