Ripple CTO David Schwartz thinks the tide is turning against crypto regulations in the US. Ripple has scored a partial victory in its legal battle with the SEC, with a court ruling that its XRP token is not considered a security. This could have positive effects on other crypto-related cases initiated by the SEC.

Schwartz noted that crypto ecosystem participants in the US are considering relocating to different jurisdictions to continue their operations, away from regulatory uncertainty. The Ripple CTO also thinks that US judges are becoming more skeptical of cases brought forward by the SEC, and that companies with the resources are taking a stance that will be beneficial to the broader industry.

Ripple's Apex conference brings together developers working within the XRP Ledger blockchain ecosystem. Blockchain forms the backbone of RippleNet platform, which manages Ripple's XRP payment system.#Ripple#XRP #SEC

What impact do you think this will have on the future of regulations in the cryptocurrency world? We are waiting your comments!