The long-running legal dispute between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs may be losing priority among investors of XRP.
Panos Mekras, co-founder and CFO of Anodos, has expressed a similar perspective, stating that the ecosystem surrounding Ripple and XRP as a whole is becoming more popular.
It appears that attention is moving away from Ripple’s legal troubles and towards the advancements and advances in technology found inside the XRP Ledger (XRPL) ecosystem.
Beyond legal woes
Mekras believes that holders of XRP are growing less interested in the result of Ripple’s SEC litigation.
Mekras claims that XRP has already been exonerated of the charges that it is a security, and the XRPL ecosystem is growing thanks to a number of initiatives.
Mekras highlights important projects like the Ethereum Virtual Machine (EVM) sidechain, the Automated Market Maker (AMM), the Xahau project with Evernode, and a host of creative applications on XRPL, pointing that these are the real sources of excitement and growth for XRP aficionados.
Ripple’s legal outlook and predictions for 2024
The relisting of XRP on key exchanges and other legal triumphs for Ripple in 2023 underlined the company’s notable expansion and resilience over the year.
Chief legal officer of Ripple Stuart Alderoty has shared his predictions for the cryptocurrency market in 2024, as published by U.Today.
He foresees a resolution to the SEC’s legal action against Ripple, but he issues a warning about persistent regulatory obstacles.
Alderoty suggests that the Supreme Court may become involved in future crypto regulatory issues and sees the court as being vital in regulating the SEC’s approach.
