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XRP ETF Likely in 2025? Ripple vs SEC Lawsuit Reaches Critical Turning Point
The anticipation surrounding a potential XRP ETF has reached a fever pitch as the US Securities and Exchange Commission (SEC) lawsuit deadline approaches. The agency’s appeal on January 15th is a crucial moment that could significantly impact the fate of Ripple’s efforts to list an exchange-traded fund (ETF).
In November, the SEC requested an extension to submit its appeal by early January, sparking speculation about whether this delay was motivated by a wait-and-see approach until the US election results. However, with the new administration poised to take office in 2025, there is mounting doubt regarding the agency’s willingness to continue the legal battle.
As of now, the SEC has not publicly commented on its intentions, fueling concerns that they might abandon their appeal altogether. Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has also called for an end to the prolonged lawsuit, urging the incoming administration to resolve this matter and bring clarity to the industry.
A dismissal of the appeal could have far-reaching consequences for XRP holders and potential ETF backers. In the event that the SEC chooses not to pursue the appeal, it may unlock the door for altcoin ETFs like Solana and Ripple’s own XRP to be approved in 2025.
Several companies, including Bitfinex, have already expressed interest in listing their own XRP-based ETFs, should the regulatory environment change. The potential approval of such a product could send shockwaves through the market, with predictions suggesting that an ETF-backed price surge could push XRP above $5.
Industry insiders have also sounded alarm bells regarding the possibility of a 2025 altcoin season, which may be driven by increased adoption and ETF listings. This development would, in turn, fuel further growth and potentially see prices skyrocket.
Source: coinpedia.org
