Ripple’s chief legal officer stated that banks could turn to XRP, citing a partial victory against the US Securities and Exchange Commission (SEC).
With Ripple getting the first positive result from the long-running lawsuit against the SEC for two years, company executives started to make assertive words. Stuart Alderoty, Ripple Chief Legal Officer to CNBC in a statement he gave, US banks and similar financial institutions He suggested that they could start using XRP.
Innovative payment technology owned by Ripple of institutional banks On-Demand Liquidity (ODL) stated that they might want to use it in their structures.
of Ripple in this quarter Emphasizing that he plans to start negotiations with financial companies, Alderoty included the following statements between the lines of his statement:
We hope that after this decision, corporate finance clients or potential customers will at least come and start talking to us. These institutions will want to reduce the exorbitant fees experienced in real-world cross-border payments and adopt new technologies. This is exactly where we come into play. I hope there will be a lot of conversations with US customers this quarter and I hope some of those conversations turn into real business.
Although the Ripple front has been dragged into a triumphal euphoria due to the rise of the price and the positive perception among the community. a clear victory does not exist. Although the final decision from the court includes some gains for both the SEC and Ripple front, both sides should not be in a hurry to celebrate their victory.