Ripple's Leading Executive Emphasizes Ripple's Relentless Battle Against Gensler's SEC Challenges
Rewritten Article:
Hey there! Let's dive into the latest happenings with Ripple, shall we?
Ripple, the renowned player in the world of crypto, has recently dropped another educational video named "Crypto in One Minute." Global Co-Head of Policy for the company, Lauren Belive, turns up in this clip, dishing out insights on the significance of proactive engagement and crypto education with policymakers, both in the US and globally. According to Belive, this approach is vital for fostering a smart and responsible regulatory framework for crypto innovation.
Ripple vs SEC - The Long-lasting Battle
Remember The West Wing? Well, Ripple follows a similar philosophy – "Decisions are made by those who show up." That's Ripple in the crypto world, Belive says. In 2024, the company didn't just show up - they displayed a substantial presence in the courtroom, battling the Securities and Exchange Commission (SEC).
The SEC, led by Gary Gensler, kept the legal war for Ripple going. Gensler, during his tenure, initiated more than a hundred enforcement actions in the crypto industry, including continuing the lawsuit against Ripple that was initiated by Jay Clayton on his last day in office back in late 2020. Now under the leadership of a new, pro-crypto chairman Paul S. Atkins, the dispute seems to be headed towards a settlement.
Building a Pro-crypto Future
Ripple decided to channel a lot of its time and energy into the US political process and educate the government on its crypto technology and its commitment to protecting its customers and investors. This was part of a concerted effort, leading Ripple to invest in both the Democratic and Republican parties and participate in various political events, like the RNC, DNC, Donald Trump's inauguration, and the inaugural White House Crypto Summit.
Belive shares that these investments resulted in a "pro-crypto Congress and a pro-crypto president." Ripple is currently collaborating with Congress to help shape up a fair and inviting regulatory framework for the crypto industry. Belive's perception is that there's a lot of potential in what's to come for Ripple.
#Ripple News Update
Interestingly, Ripple has been actively participating in political processes and partnering with parties to educate decision-makers about crypto technology and its benefits for customers and investors. These engagements extend beyond special events like Donald Trump's inauguration and the inaugural White House Crypto Summit, reaching out to both the Democratic and Republican parties[5].
Currently, Ripple is working closely with Congress to help create a balanced and stimulating regulatory framework for the crypto industry. These efforts are said to have played a pivotal role in shaping up what is now known as "the most pro-crypto Congress and a pro-crypto president" in the United States[5].
In parallel to its legislative initiatives, Ripple has been embroiled in an on-going dispute with the Securities and Exchange Commission (SEC). Recently, there have been signs of progress in the case, with the SEC indicating a retreat in early 2025 and proposing a settlement involving the return of funds to Ripple[3][4]. Despite these legal developments, Ripple remains focused on its legislative advocacy work, as it aims to make a lasting impact in the US crypto landscape.
- Ripple, known for its significant role in the crypto world, released an educational video titled "Crypto in One Minute," emphasizing the importance of engaging with policymakers regarding crypto education.
- In a long-lasting legal battle, Ripple faced the Securities and Exchange Commission (SEC), displaying a substantial presence in the courtroom back in 2024.
- While battling the SEC, Ripple also put effort into educating the government on its crypto technology and assuring customer and investor protection.
- Through investments in both Democratic and Republican parties and political events, Ripple managed to create a "pro-crypto Congress and a pro-crypto president."
- Collaborating with Congress, Ripple is helping to develop a fair and inviting regulatory framework for the crypto industry, showing potential for future advancements.
- Despite ongoing legal developments with the SEC, Ripple continues its legislative advocacy work, aiming to make a lasting impact in the US crypto landscape.
