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Stuart Alderoty, Chief Legal Officer of Ripple 
$3 Labs, emphasized the company’s role in combating the crypto pressure initiated by SEC Chairman Gary Gensler. After nearly four years of legal battles, Alderoty thanked key stakeholders in the regulatory fight.
Ripple Labs and Legal Struggles
In his post on the X platform, Stuart noted that victory has many fathers, but certain individuals played significant roles. He praised the company’s CEO, Brad Garlinghouse, as a leader who instilled the necessary courage in the team.
He also hinted that many individuals in the company’s legal department were pivotal in paving the way for the success achieved thus far. According to Stuart, the unsung heroes within Ripple “do not care about the spotlight on Twitter.”
Ultimately, he believes that Ripple has presented a plan to overcome Gary Gensler’s bewildering war on crypto. He reiterated that the team has kept the door open long enough for the crypto industry to survive regulatory pressures.
Many fathers contribute to victory, but do not be mistaken. The courage of Brad and Chris, along with the resilience and expertise of the Ripple Legal Team, paved the way. Ripple has presented the plan to overcome Gary Gensler’s war.
Finally, Alderoty highlighted the role of the XRP Community. He expressed gratitude for the community’s faith and support in the project.
Gary Gensler’s Defeat
Various comments have surfaced regarding the implied defeat mentioned by Ripple’s CLO. Beyond a definitive ruling that XRP is not a security, Gary Gensler’s resignation date has been set for January 20, 2025.
This resignation follows Donald Trump’s victory over Kamala Harris in the U.S. presidential elections.
As noted by many industry leaders, crypto voters played a crucial role in determining the election outcome. Many supported Donald Trump based on promises to end the war on crypto.
So far, signs of change are evident with appointments such as Howard Lutnick, a Tether advocate, as Secretary of Commerce and Scott Bessent as Secretary of the Treasury, although no replacement for Gary Gensler has yet been announced.
While the next steps in the XRP case appeal are well defined, it remains unclear whether the incoming SEC Chair will withdraw the appeal in the Ripple Case.
Ripple played a crucial role by providing a strategic roadmap against Gary Gensler, leading significant efforts in the conflict with the SEC.
