Donald Trump's recent statement could lead to the end of the XRP lawsuit

In a recent statement, former US President Donald Trump declared that he had signed executive orders to maintain the United States' leadership position in artificial intelligence (AI) and end what he described as "the fight against Bitcoin and cryptocurrencies" by President Joe Biden. Your comment has been widely shared on social media, sparking discussions in the cryptocurrency community about potential policy changes related to digital assets. Trump's statement on cryptocurrency and SEC A video attached in a tweet by the cryptocurrency enthusiast JackTheRippler shows Trump discussing how to handle cryptocurrency under the Biden administration. In his speech, Trump criticized regulatory agencies, especially the SEC, for their "hostile" approach to digital assets. He claimed these agencies engaged in politically motivated indictments and only softened their tone towards the end of Biden's term due to the large number of cryptocurrency users. Trump believes that his intervention has helped many individuals facing legal scrutiny, saying, "I saved your life," to those being prosecuted. He frames his actions as part of a larger effort to position the United States at the forefront of technological innovation, particularly in AI and blockchain.

Implications for the SEC v. Ripple lawsuit One of the main points drawn from JackTheRippler's tweet is the suggestion that the SEC lawsuit against Ripple could soon come to an end. The lawsuit began in December 2020, revolving around the SEC's allegations that Ripple conducted an unregistered securities offering through the sale of XRP. This incident is significant for the context of managing digital assets. Both investors and industry participants are eagerly awaiting the resolution of the incident. Although Trump did not directly mention the SEC's lawsuit against Ripple in his speech, his strong criticism of the agency's actions suggests that regulatory policies may change if he returns to office. The SEC's treatment of cryptocurrency companies, including Ripple, is a contentious issue, with many in the industry calling for clearer and more favorable regulations. Potential impact on cryptocurrency monetary policy Trump's announcement signals a potential shift from the current regulatory stance towards digital assets. His statements suggest that under his leadership, cryptocurrencies may receive more government support and less regulatory constraints. If this policy change becomes a reality, it could encourage innovation, attract institutional investors, and provide clearer guidance for blockchain-based projects operating in the United States. However, we still have to wait and see how these legal orders will be carried out and what specific actions will follow. With complex legal contexts and ongoing legal battles, including the SEC's lawsuit against Ripple, the cryptocurrency community is closely monitoring the next developments.