After Ripple’s five-year legal battle with the U.S. Securities and Exchange Commission (SEC), XRP is taking a major step forward—joining a regulated spot ETF in the United States. These recent developments mark a significant turning point for both Ripple and the digital asset XRP.
5 Years Battling the SEC Ends
Last month, Ripple confirmed the withdrawal of its cross-appeal in the SEC case, effectively closing one of the most high-profile crypto legal disputes in U.S. history. The case, initiated in 2020, centered on whether XRP was offered as an unregistered security.
Ripple CEO Brad Garlinghouse announced the company’s shift in focus toward building the "Internet of Value," emphasizing innovation and regulatory clarity. Chief Legal Officer Stuart Alderoty highlighted Judge Torres’ ruling as a pivotal moment for the broader cryptocurrency industry.
XRP Joins Grayscale’s Spot ETF
In a parallel development, XRP has been included in Grayscale’s newly approved spot ETF, marking its entry into regulated U.S. financial markets. This inclusion is expected to enhance liquidity and institutional adoption of XRP.
Despite these advancements, XRP’s price remains in a consolidation phase, reflecting cautious market sentiment. Analysts suggest that breaking out of this pattern will require sustained positive developments, such as broader ETF approvals or Ripple’s expansion into new use cases.
👉 Explore XRP’s latest developments
Key Takeaways
- Legal Clarity: Ripple’s withdrawal of its cross-appeal concludes its lengthy SEC dispute.
- Regulated Exposure: XRP’s inclusion in Grayscale’s ETF signals growing institutional acceptance.
- Price Stability: XRP continues to trade in a tight range despite bullish fundamentals.
FAQ
Q: What was the SEC’s case against Ripple about?
A: The SEC alleged that XRP was an unregistered security. The case concluded with Ripple’s withdrawal of its cross-appeal.
Q: How does XRP’s ETF inclusion impact its market?
A: It provides regulated exposure, potentially attracting institutional investors and increasing liquidity.
Q: Why hasn’t XRP’s price reacted strongly to these developments?
A: Market sentiment remains cautious, awaiting further regulatory clarity and adoption milestones.
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