In a recent live stream interview with the founders of Black Swan Capitalist, Clive Thompson, a renowned wealth manager, expressed his bullish sentiment regarding Ripple and its digital asset, XRP. Thompson’s optimism comes after a partial legal victory for Ripple against the U.S. Securities and Exchange Commission (SEC) in July.
During the interview with Versan and Vandell Aljarrah, Thompson joined the discussion on the future of Ripple and XRP. Vandell Aljarrah speculated that Ripple’s payment network and XRP would not only endure but also gain widespread adoption among banks.
The legal battle between Ripple and the SEC significantly developed in July when Judge Analisa Torres ruled that XRP should not be classified as a security. This ruling marked a partial win for Ripple, which had been facing allegations of selling unregistered securities. However, the case is far from over, as the SEC promptly filed an interlocutory appeal in response to the judgment.
Versan, during the interview, expressed his belief that Ripple would ultimately secure a complete victory in the ongoing legal battle. He emphasized that regulators must balance maintaining integrity and permitting disruptive technology to flourish.
Thompson concurred with this perspective and voiced his hope that Ripple would reach prominence akin to established global giants such as Amazon, Google, or Apple. He suggested that if Ripple achieves this status, it might become too substantial for the SEC to engage effectively.
One of the key issues discussed was the need for clearer regulations in the cryptocurrency sector, which the SEC needs help to implement effectively. Thompson voiced his support for the judge’s ruling that XRP should not be classified as a security and expressed confidence that Ripple would ultimately prevail despite the SEC’s ongoing appeal.
As the discussion delved into the future of Ripple and XRP, Thompson mentioned encountering a Ripple advertisement during his time in Dubai, hinting at this cryptocurrency’s global reach and impact. The conversation with Clive Thompson underscores the growing confidence and hope surrounding Ripple and XRP as the crypto community awaits the final resolution of its legal battle with the SEC.
