Ripple CEO Emphasizes Global Expansion Despite US Regulatory Challenges

According to CryptoPotato, Ripple CEO Brad Garlinghouse has reiterated the company's commitment to global expansion, despite facing regulatory challenges in the United States. Garlinghouse recently unveiled the company's strategy for the near future, assuring that global expansion remains a top priority. He stated, 'We are going to keep expanding even though the US market, partly from a regulatory point of view, has been slow to adopt. The non-US market has been really, really strong for us.' Garlinghouse also highlighted Ripple's goal of dominating the new financial infrastructure, emphasizing the potential role of XRP in the future monetary landscape. He said, 'We think that opportunity is huge, we think that’s going to be great for Ripple, we think it’s going to be great for XRP so I’m very very optimistic about that. I just think that the US needs to figure it out.' Furthermore, he touched upon the company's intentions to launch a stablecoin pegged to the American dollar, stating that this move would bridge the gap between traditional finance and the cryptocurrency sector. The future progress of Ripple and a potential rally of XRP largely depend on the outcome of the ongoing trial between the company and the US Securities and Exchange Commission. The legal dispute began over three years ago when the commission accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. Ripple, however, maintains that its native token should not be considered a security. The lawsuit is set to move to a grand trial on April 23. So far, Ripple has achieved three partial court wins, with many industry participants expecting a decisive victory in the coming months.