- Ripple is actively expanding in Europe & Latin America despite the ongoing case with the U.S. SEC, said xSpectar founder.
- BitGo CEO believes a victory for Ripple could positively impact the entire crypto ecosystem.
- The release of the Hinman papers has boosted Ethereum and may lead to greater decentralization.
xSpectar founder Dirk Schepens tweeted on June 19 that Ripple has taken proactive measures to win the SEC vs. Ripple lawsuit by establishing a solid presence in Europe and Latin America. Ripple’s stand is so powerful that even in the event of a no-win situation, Ripple will persist in its pursuit of market leadership in the CBDC/payments sector across both continents.
Despite the ongoing legal battle with the U.S. SEC, Ripple remains committed to expanding globally. The regulatory uncertainties in the United States have prompted Ripple to focus on worldwide expansion, particularly in Europe, leveraging the MiCA regulation.
During an interview at the Money20/20 event in Europe, Sendi Young, Ripple’s Managing Director for the UK and Europe, emphasized the company’s initiatives for expansion. Antony Welfare, CBDC Advisor at Ripple, shared the interview in a tweet, drawing attention to Ripple’s ongoing efforts to expand its reach.
Schepens isn’t the only one predicting Ripple’s win. BitGo CEO Mike Belshe recently shared that he believes that a victory for Ripple in the legal battle could have far-reaching implications for the entire crypto ecosystem, bringing about positive changes in the regulatory landscape.
In a series of tweets, Belshe drew parallels between the early days of Bitcoin and the current situation of Ripple. He suggested that BTC, like XRP, could have been perceived as centralized between 2009 and 2012, as the decisions and development of Bitcoin were primarily controlled by its early developers.
Meanwhile, according to a research report by JPMorgan published on Thursday, the recent release of the Hinman papers in the SEC’s case against Ripple has significantly boosted ETH. JPMorgan suggests that this development is likely to initiate a shift towards greater decentralization within the cryptocurrency market.
Moreover, last Tuesday, in its defense against the SEC case, Ripple released emails related to the 2018 speech of William Hinman, the former Director of Corporation Finance, in which he stated that ETH did not appear to be a security.
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