
XRP ETF Likely in 2025? Ripple vs SEC Lawsuit Reaches Critical Turning Point
The US SEC’s appeal deadline for the Ripple vs Ripple lawsuit, set to expire on January 15th, has reached a critical turning point. With a new pro-crypto administration incoming, the possibility of dismissing the appeal and bringing clarity to XRP’s security status seems more likely than ever.
Ripple’s Chief Legal Officer, Stuart Alderoty, has been vocal about the need for an end to this prolonged legal battle. In his most recent statement, he emphasized that with a crypto-friendly SEC chair like Paul Atkins taking over, there is an opportunity to rebuild confidence and bring clarity to the industry.
A dismissal of the appeal would be a significant turning point in Ripple’s path to securing an ETF (Exchange-Traded Fund) approval. While the current market positioning suggests that XRP holders are anticipating an extra rally, fueled by potential ETF approval, it seems more plausible than ever before that the outcome could significantly impact the coin’s trajectory.
It is no secret that the crypto market is eagerly awaiting the outcome of this case, particularly in light of previous failed attempts to secure regulatory approval. In a recent tweet, prominent analyst Lark Davis shared his take on the current market sentiment: “And when that happens, it will unleash mind-blowing gains that most people can’t even fathom.”
In conclusion, while the possibility of an ETF approval is not a guarantee, there seems to be more than enough reason to believe that this case may finally reach its conclusion.
Source: coinpedia.org