Ripple Signs 15 New Contracts with Banks Despite SEC Lawsuit

[Fawpac2]

Ripple has managed to secure 15 new contracts with banking institutions around the world since getting sued by the U.S. Securities and Exchange Commission in late December, according to a Reuters interview with CEO Brad Garlinghouse.
The chief executive claims that the blockchain company was able to expand its business in Asian countries with an XRP-friendly regulatory environment.
We have been able to continue to grow the business in Asia and Japan because we have had regulatory clarity in those markets.
After XRP got roiled by the SEC lawsuit, Japan's Financial Services Agency went on to clarify that it did not view the token as a security.
Regulators in Singapore and the U.K. have also arrived at the same conclusion. Source link