Pro-Ripple lawyer John Deaton highlighted how the ongoing legal battle between the crypto-payment company and the U.S. Securities and Exchange Commission (SEC) had affected the firm’s business.
According to Deaton, while many XRP enthusiasts point to its growth outside the U.S., there is a need for adoption on the homefront.
Ripple Continues to Expand
Since Ripple’s legal struggles began, the firm has expanded its business outside the U.S., recently acquiring Swiss-based digital asset custody provider Metaco.
Despite these moves, traditional financial institutions have been cautious with their interactions with Ripple’s services. Brazilian bank Rendimento said it wouldn’t use XRP because of its regulatory issues. However, the bank said it would use other Ripple services that do not involve XRP.
Meanwhile, the pro-Ripple lawyer had previously said Coinbase or Ripple would not list XRP until they get more regulatory clarity…
