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XRP ETF Likely in 2025? Ripple vs SEC Lawsuit Reaches Critical Turning Point
The anticipation has been building for quite some time now, and it seems that the much-awaited conclusion of the Ripple vs. SEC lawsuit might be drawing near. The legal battle between Ripple and the Securities Exchange Commission (SEC) has been ongoing since 2020 and has garnered significant attention within the cryptocurrency community.
With the appeal deadline set to expire on January 15th, many are expecting a crucial turning point in this saga. Notably, it appears that the SEC’s stance on Ripple’s XRP as security might be reevaluated under the new administration. This sentiment is reinforced by the recent statements made by Ripple’s Chief Legal Officer, Stuart Alderoty.
In his latest statement, he emphasized the need for an end to the prolonged battle and encouraged the incoming Donald Trump administration to conclude this long-standing legal dispute. It appears that the CLO believes there’s a chance for clarity and rebuilding of confidence in the industry with a new SEC chair like Paul Atkins, who is known to be crypto-friendly.
What does this mean for XRP ETF prospects? With an increasing possibility of dismissing the appeal and potentially reevaluating the status quo regarding Ripple’s token as a security, it seems that Ripple may have a higher chance at securing approval for its ETF proposal.
As of now, most experts concur that ETF approval could push XRP’s price significantly above $5. The anticipation surrounding this possibility has already led to increased optimism among investors and traders alike.
Other factors contributing to the current bullish momentum include recent statements by prominent crypto analyst Lark Davis, who suggests the market is poised for substantial growth, potentially reaching a $10 trillion market capitalization.
Given these circumstances, it’s not hard to see why many are pinning their hopes on an imminent ETF approval. Whether or not this turns out to be true remains to be seen; however, one thing is certain: the stakes have never been higher in terms of XRP’s potential price action and overall market performance.
In conclusion, the current situation suggests that we might witness a turning point in the Ripple vs. SEC lawsuit soon. The looming deadline for the appeal could lead to a reevaluation of the case by the new administration, which may inadvertently pave the way for an approved ETF proposal from Ripple.
Source: coinpedia.org
