The recent settlement deal between the US SEC and Terraform Labs has sent shockwaves to the Ripple community ahead of the case verdict.
Ripple has continued with its XRPL development plan outside the United States to ensure mass adoption of XRP ahead.
The legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs, a top-tier blockchain payment company, over the sales of XRP to fund its operations has continued to attract different opinions. The crypto regulatory void created by the US Congress’s failure to enact clear laws has empowered the agency to interpret decades-old laws with the nascent technology.
However, the recent approval of spot Ethereum exchange-traded funds (ETFs) in the United States and Hong Kong has increased the chances of clear regulations for the altcoin industry. Moreover, Ripple CEO Brad Garlinghouse is confident that it is only a matter of time before other spot ETFs led by Solana, Dogecoin, and XRP are approved in the Unit

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