Ripple (XRP-USD) has secured critical money transmitter licenses in Texas and New York, further solidifying its position in the U.S. crypto market. According to CoinDesk, these approvals, which bring Ripple’s total licenses to over 50, come amidst fierce legal storms as the company continues its battle against the Securities and Exchange Commission (SEC). According to Ripple, the licenses reflect the company’s ability to meet “stringent licensing requirements” and pave the way for offering cross-border payment solutions in the U.S.
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Ripple Tackles Legal Pressure from the SEC
The SEC lawsuit, which resulted in a $125 million penalty last year, is far from over. Ripple is appealing the decision, while its leadership maintains close ties with U.S. President Donald Trump. CEO Brad Garlinghouse and chief legal officer Stuart Alderoty have attended key political events, including meetings at Trump’s Mar-a-Lago estate, as reported by Cointelegraph. These connections could play a role in Ripple’s legal and regulatory strategy moving forward.
Garlinghouse Advocates Bold Vision for U.S. Crypto Reserve
Ripple’s CEO is also pushing a bold vision for a U.S. crypto reserve that includes multiple tokens rather than relying solely on Bitcoin. “We live in a multichain world,” Garlinghouse stated on X, dismissing Bitcoin maximalism as “outdated and misinformed.” His call for a diverse reserve aligns with Trump’s recent push to evaluate a national digital asset stockpile.
With critical licenses secured and legal battles raging on, Ripple is navigating both opportunity and adversity. At the time of writing, XRP is sitting at $3.1169.
