On the heels of what has been an undoubtedly positive year for the company, Ripple CEO Brad Garlinghouse has announced the XRP strategy for 2024. Indeed, the CEO took to X (formerly Twitter) to unveil what he called a “compliance-first mindset” heading into the new year.
Garlinghouse’s announcement arrived in response to reports stating the company has been registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. With its US Securities and Exchange Commission (SEC) lawsuit conclusion on the horizon, the coming year should be a massive one for Ripple.
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Ripple’s Garlinghouse Speaks Unveil’s 2024 Strategy
For much of the last few months, the digital asset industry has been in notable health. Moreover, the prospects for the coming year have been plentiful, as ETF discussions abound in the market. Subsequently, with the final month of the year upon us, one of the industry’s most important players is already looking ahead.
Indeed, Ripple CEO Brad Garlinghouse took to X to announce its XRP strategy for 2024. The announcement came in response to the landmark unveiling of Ripple as an official VASP recipient in Ireland. Therefore allowing the company to offer crypto services in the country in compliance with its regulatory standards.
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“[Ripple] is heading into 2024 with a compliance-first mindset (as we’ve always done).” Garlinghouse posted. The post was about the registration victory in Ireland and the similar regulatory registration it received in Dubai. Moreover, it counters the years-long lawsuit it has been embroiled in with the SEC in the United States.
Conversely, that lawsuit appears to be headed for an inevitable conclusion. Even better for Ripple, it appears as though the crypto firm is poised to come out victorious. Especially considering developments over the last few months. Ultimately, it’s compliance-focused 2024 could very well be the biggest yet for Ripple and XRP.