CandleFocus Chief Ripple Lawyer Meets D.O.G.E Lead — Bullish for XRP?
2024-12-15
Author: Content Editor
Ripple's chief legal officer, Stuart Alderoty, shared a photo on social media standing next to Department of Government Efficiency (D.O.G.E.) co-chair Vivek Ramaswamy, sparking speculation about Ripple's intentions. Alderoty's post referenced Ripple's legal battles with the SEC and the need for accountability. Ripple recently won a ruling classifying XRP as a non-security but was fined $120 million for unregistered securities sales. With SEC chairman Gary Gensler set to step down in January, the meeting between Alderoty and Ramaswamy has raised interest. Ripple's engagement with influential figures like Ramaswamy suggests an effort to align with policymakers and shape future regulatory conversations. This change in strategy from fighting in court to engaging with policymakers could benefit Ripple and indirectly impact the value of XRP, which has already experienced a significant increase in recent weeks.
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