- Legal expert Fred Rispoli warns Ripple might face a new SEC lawsuit specifically targeting the RLUSD stablecoin.
- Ripple plans 2024 launch for RLUSD, signaling commitment to expand despite ongoing legal and regulatory challenges.
Ripple is currently developing a dedicated website for its RLUSD stablecoin, stirring discussions within the XRP community about the potential resolution of its ongoing lawsuit with the U.S. SEC.
While some members of the community view this development optimistically as an indication of the lawsuit’s nearing end, other voices within the cryptocurrency space recommend caution.
Legal expert Fred Rispoli, a vocal supporter of XRP, recently highlighted that Ripple might face a new lawsuit concerning the RLUSD. He noted that any regulatory concerns specific to the new stablecoin would require a separate legal challenge and are distinct from the existing case. This observation underscores the continuing legal challenges Ripple might encounter as it progresses with its stablecoin project.
The launch of the RLUSD stablecoin indicates its readiness to advance despite potential legal obstacles. Although the precise launch date has not been disclosed, Ripple’s President Monica Long previously suggested that 2024 might see the stablecoin’s debut. This move is closely monitored by both cryptocurrency enthusiasts and industry analysts, who are keen to understand how it might affect the ongoing SEC lawsuit.
Additionally, the future regulatory climate for cryptocurrencies in the United States may shift following the November presidential elections. Candidate Donald Trump has consistently supported cryptocurrency, suggesting that a change in administration might soften the SEC’s stance towards cryptocurrencies.
Former SEC attorney Marc Fagel posits that a pro-crypto government could alter the regulatory framework, potentially easing the legal pressures on companies like Ripple.
