Brad Garlinghouse

Ripple, the blockchain technology company, recently announced that it is returning to the US market after a partial victory in its legal battle with the US Securities and Exchange Commission (SEC). The company’s President, Brad Garlinghouse, made the announcement in a statement released on April 19th.

The SEC had previously accused Ripple of selling unregistered securities in the form of its XRP cryptocurrency. Ripple denied the allegations and filed a lawsuit against the SEC in December 2020. The company argued that XRP is not a security but rather a digital asset used for payments and remittances.

In its statement, Ripple said that it was “pleased” with the court’s decision to dismiss certain claims against the company. The court also ruled that Ripple’s XRP sales were not securities offerings. This ruling is seen as a partial victory for Ripple as it now has more clarity on how to operate in the US market.

Ripple’s President, Brad Garlinghouse, said that the company is now “ready to move forward and continue building products and services that will enable the world to move money faster and more efficiently.” He added that Ripple is committed to working with regulators to ensure compliance with all applicable laws and regulations.

The news of Ripple’s return to the US market is seen as a positive development for the cryptocurrency industry. It is expected that the decision will open up more opportunities for other cryptocurrency companies to operate in the US market. It could also lead to more investment in the sector as investors become more confident in the regulatory environment.

Overall, Ripple’s return to the US market is seen as a positive development for the cryptocurrency industry. The company’s partial victory in its legal battle with the SEC has provided more clarity on how to operate in the US market. This could lead to more investment in the sector and open up more opportunities for other cryptocurrency companies.