XRP’s price surge and legal challenges: On November 24, 2024, XRP’s price surged by 14%, indicating a recovery of shareholder confidence. Ripple had to spend over 150 million USD in the legal battle with the U.S. Securities and Exchange Commission (SEC). CEO Brad Garlinghouse believes that regulatory clarity will create conditions for XRP’s development.

Legal battle with the SEC: The legal battle between Ripple and the SEC has been ongoing since 2020 when the SEC accused Ripple of issuing XRP as an unregistered security. The lawsuit negatively affected XRP’s value. Garlinghouse believes the lawsuit will end favorably for Ripple, having spent over 150 million USD for its defense.

Meeting with politicians to improve legal environment: Ripple actively engages with politicians to influence XRP’s legal environment. Recently, Garlinghouse confirmed a meeting with President-Elect Donald Trump, sparking discussions on their legal strategy. Details of the meeting have not been disclosed, but it indicates Ripple’s outward-looking approach.

Optimism about XRP’s future: Garlinghouse emphasizes that despite legal challenges, he remains optimistic about XRP’s future. He believes that once the lawsuit is resolved, new opportunities will open for Ripple to grow stronger. Ripple is working hard to overcome difficulties and establish its position for future growth.