Crypto Trends Today: Community Reacts to Ripple Case Closure
Brad Garlinghouse announced the Ripple lawsuit conclusion, as the US SEC is dropping the case after more than four years of legal battle. The news quickly became a major topic in the Ripple community.
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Beyond Ripple’s case ending, other crypto news and adoption trends are gaining traction.
Today, we spotlight three of the top discussions on crypto Twitter.
1. It’s Over: Ripple CEO Announces SEC Lawsuit Conclusion
Brad Garlinghouse, CEO of Ripple Labs, shared a video message on X announcing the end of the SEC vs. Ripple case, which began in December 2020. “This is it – the moment we’ve been waiting for,” Garlinghouse wrote in a post.
The SEC had accused Ripple of conducting a $1.3 billion XRP token sale as an unregistered securities offering. The case has been highly significant for the crypto industry, as its outcome could shape future regulatory approaches to crypto and its classification as an asset class.
Reflecting on the lawsuit, Garlinghouse stated that Ripple fought against SEC overreach and can now celebrate a victory. He also criticized the SEC under former Chair Gary Gensler, claiming the agency targeted the entire crypto industry in an attempt to suppress its growth.
Garlinghouse credited Ripple’s legal team, including Chief Legal Officer Stuart Alderoty and his personal attorney Matt Solomon, as well as XRP holders, employees, and community supporters for making the Ripple lawsuit conclusion possible.
The Ripple CEO also expressed optimism about the Trump administration, suggesting that new leadership could have a positive impact on the crypto industry.
2. Why Crypto Payments Haven't Taken Off: DeFi Ignas Offers His Take
DeFi researcher Ignas says a key barrier to crypto payment adoption is privacy concerns. @DefiIgnas believes this issue needs to be addressed.
Transactions on the blockchain are recorded on blockchain explorers, allowing anyone to see wallet addresses and the amount of assets involved. While personal details like the wallet owner's name aren't visible, users may not want to be associated with their wallet address and payments, according to DeFi Ignas.
Offering a solution, the analyst says:
When sending USDC, let the recipient see the transaction but not your address. Nobody wants to reveal their wallet for a 10 USDC beer payment.
3. Lyn Alden Shares Her Latest Book Recommendation on Bitcoin
In a recent X post, Lyn Alden, Founder of Lyn Alden Investment Strategy, shared her thoughts on an upcoming book from Columbia Business School Publishing, titled Principles of Bitcoin.
Alden said she read the book during its development and endorses it for its “unusual level of quality.”
Since it’s not released yet, we’re unable to share views from other readers. However, we’ve previously published a list of other crypto books you may want to check out.
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