Sign Up on MEXCRipple Secures BitGo CEO’s Support in Ongoing Lawsuit with SEC
Ripple Labs has found support in its legal battle against the U.S. Securities and Exchange Commission (SEC) from Mike Belshe, the CEO of BitGo, a leading digital asset custodian.
Defining BitGo CEO’s Support for Ripple
In a Twitter post, Belshe clarified that his support for Ripple’s victory in the lawsuit was not driven by personal affection for XRP but rather by a desire to bring about regulatory change.
He expressed the belief that a favorable outcome for Ripple would pave the way for regulatory frameworks that foster innovation, just as Bitcoin (BTC) was allowed to develop without being stifled by regulatory burdens in its early stages.
In his statement, BitGo CEO Mike Belshe drew a parallel between the early days of Bitcoin and the current situation with Ripple and XRP. Belshe pointed out that Bitcoin, despite its vision of decentralization, had a centralized aspect in its early years, similar to Ripple.
Consequently, he suggested that if Bitcoin had been subjected to the same regulatory scrutiny as Ripple is facing now, it could have been labeled a “security”.
It is worth mentioning that Belshe’s viewpoint underscores the broader debate surrounding the regulatory treatment of crypto and the need for clear guidelines to accommodate innovation in the digital asset space.
Anticipation on the Closure of Ripple vs SEC Case Grows
The Ripple vs. SEC legal battle, which has spanned for two years, is entering its final stages, creating anticipation within the crypto community. The outcome of this lawsuit is highly anticipated due to its potential impact on the regulatory treatment of cryptocurrencies.
As Ripple and the SEC present their arguments and evidence, stakeholders in the crypto industry closely follow the developments, eager to see how the court’s decision will shape the future of digital assets.
Notably, the CEO of Ripple, Brad Garlinghouse, has expressed hope in the ongoing SEC complaint alleging that XRP was offered as an unregistered security. Garlinghouse noted that the much-anticipated verdict will come shortly.
In a recent interview, Garlinghouse hinted that after resolution over crucial Hinman Docs. a judgment might land in the coming weeks.
- Grayscale’s XRP, SOL, ADA Fund To Begin Trading Tomorrow Following SEC’s Greenlight
- Donald Trump Petitions Supreme Court To Remove Fed Governor Lisa Cook
- Pi Coin Rises As Pi Network Implements Protocol v23 on Testnet
- Tether-Backed Plasma Stablecoin Blockchain Set to Launch on September 25
- Cathie Wood’s Ark Invest Backs Nasdaq-Listed Solmate To Launch $300M Solana Treasury
- Cardano Price Stays Above Ichimoku Cloud as Grayscale ADA ETF Approval Nears
- HBAR Price Prediction as SEC Approves Generic ETF Framework – Analyst Targets $1.80
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
