Ripple and SEC End Legal Dispute, XRP ETF Speculation Rises
Ripple and the US Securities and Exchange Commission (SEC) have concluded their legal dispute, filing a joint dismissal of all remaining appeals. This ends a lawsuit that began in December 2020.
Key Developments
- The SEC's decision to drop its appeal followed an internal vote by Commissioners.
- Judge Analisa Torres' ruling remains effective: XRP is not classified as a security in retail transactions.
- Ripple will pay $50 million to the SEC, reduced from $125 million.
- The injunction against Ripple stays in effect, allowing the company to expand operations in the US.
ETF Prospects Increase
- Nate Geraci suggests BlackRock may pursue an iShares XRP ETF now that legal clarity has been achieved.
- Polymarket’s prediction odds for an XRP ETF rose to 88% after concerns about SEC Commissioner Caroline Crenshaw's voting record.
Ripple's Acquisition
- Ripple announced a $200 million acquisition of Rail, enhancing its RLUSD stablecoin project.
- The deal integrates Rail’s features with Ripple’s payout network and regulatory licenses.
- Pending regulatory approval, the acquisition is expected to close in Q4 2025.
XRP Market Reaction
- XRP price increased by 11.51% within 24 hours, trading at $3.34.
- $3.33 is identified as a key resistance level; sustained trading above it could lead to a rally towards $4.
- XRP is currently 13.13% below its all-time high of $3.84.
- Over the past year, XRP has yielded returns of 450%.