XRP News: Ripple Lawsuit Drop Sought by Lawyer Amid Kamala Harris Crypto Pivot

XRP News: There has been conjecture over the possible resolution of the Ripple v. SEC lawsuit following a recent remark made by attorney James Murphy, also known as MetaLawMan, on X. The rumour gained momentum when billionaire investor Mark Cuban hinted that Kamala Harris would take a more pro-cryptocurrency attitude. Not only in the XRP community, but also in the larger digital assets industry, this development has sparked conversation.

XRP News: Is the Ripple vs. SEC Lawsuit About to End?

A lot of people in the cryptocurrency industry and among investors have been paying attention to the XRP case. And in the midst of all this, a statement from MetaLawMan has set the crypto market ablaze with speculation that Kamala Harris’ crypto flip could finally put a stop to the protracted legal struggle.

That is to say, people are wondering if the current XRP lawsuit and the actions against other cryptocurrency firms would be dismissed because of Kamala Harris’ possible crypto-friendly positions. The reports that Kamala Harris is softening her stance on cryptocurrency have been ignored by MetaLawMan, who has instead urged the community to put their focus on deeds rather than rhetoric.

At the same time, he laid out a number of indicators of a real crypto shift, such as recognising and rescinding Operation Chokepoint 2.0 and dismissing SEC Chair Gary Gensler. He also signed a law to abolish SAB121 and urged that cases against Ripple, Coinbase, Kraken, and Binance be dropped.

In addition, he strongly recommended opening a master account for Custodia Bank with the Federal Reserve. At the same time, discussions have been stoked by MetaLawMan’s comments, which imply that a change in policy could affect the legal status of digital assets.

Kamala Harris’ Crypto Strategy Insight

A more business-friendly approach to crypto regulation may be introduced by Kamala Harris, according to Mark Cuban’s hints. According to Cuban’s email to Politico, Harris is allegedly planning to embrace artificial intelligence (AI), cryptocurrency (CNY), and novel governance in order to take a more business-friendly approach. However, he did not quote Harris herself as saying this.

She hopes to herald a new era of welcoming business endeavours by changing policies. Some market experts, though, are still pessimistic, even though Cuban thinks otherwise.

At the same time, many market observers interpret this as Kamala Harris focussing on the cryptocurrency industry, which has emerged as a major topic in the next US election. At the same time, her action puts the XRP case on pause, leading some to believe that she may step in to end the current legal battles against crypto companies.

The excitement surrounding the resolution of the lawsuit is tangible, even though no concrete dates or updates have been announced. A lot of people think the XRP lawsuit will be over shortly since Ripple CEO Brad Garlinghouse thinks they’ll win.

Furthermore, there are market experts who think that XRP’s performance could be boosted if Ripple’s case is successful. Many are hoping that the outcome of the legal case will have a significant impact on how the United States government handles bitcoin regulation in the future. With the rest of the cryptocurrency market in a downturn, the price of XRP dropped over 3% to $0.5978 while this was being written.

Focussing on the 2024 Bitcoin Conference

There is a lot of discussion in the XRP community about Kamala Harris speaking at the Bitcoin Conference 2024. It would be a smart move to rethink the Democrats’ stance on crypto, according to Bitcoin Magazine CEO David Bailey, who confirmed negotiations with Harris’ campaign.

In his commentary on the matter, pro-XRP attorney Bill Morgan views this as a promising development that shows receptivity to alternative cryptocurrency regulations. Some people, meanwhile, are still wary, pointing to the administration’s history of animosity against cryptocurrency as their reason.

Still, the announcement has bolstered market confidence, especially in light of the increasing talk of a possible change in US policy towards crypto companies and the prospect of dropping the XRP case. To rephrase, Harris’s participation may herald a watershed moment in the cryptocurrency industry.