The XRP lawsuit has been one of the hottest topics of discussion this week after Ripple CEO Brad Garlinghouse said that the US SEC is dropping the case. Notably, this comes amid the shifting stance of the US SEC towards the digital assets space under Donald Trump’s presidency. Besides, the news has also sparked a short-term rally in XRP price, but it appears that the optimism was short-lived.
Amid this, an ex-SEC lawyer said that Ripple’s win could be short-lived. In other words, the lawyer hints that the chance of regulatory pressure on the blockchain firm still persists despite the CEO’s recent affirmation.
XRP Lawsuit Win Gains Traction
Recently, XRP has recorded a notable surge after Ripple CEO Brad Garlinghouse announced on X that the US SEC is withdrawing its case against Ripple, marking a significant milestone for the crypto industry. The XRP lawsuit, which began in 2020, has been a focal point in the debate over cryptocurrency regulations. Garnlinghouse wrote:
“This i
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