Ripple vs. SEC Lawsuit Ends: Whats Next for XRP Price and Ripples Future?

The post Ripple vs. SEC Lawsuit Ends: Whats Next for XRP Price and Ripples Future? appeared first on Coinpedia Fintech News

The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trumps immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership. Now that this prominent case has wrapped up, investors are curious about Ripples next steps in its business operations and how the XRP price will respond to these developments.

XRP Recorded 10% Gain Following the News

Were now closing a chapter in crypto history, Garlinghouse announced at the Digital Asset Summit in New York, marking the conclusion of the SEC-Ripple case. This statement comes four years after the SEC initiated a lawsuit against Ripple, alleging a $1.3 billion unregistered securities offering in December 2020, bringing an end to the long-standing legal war.

Also read: Big Breaking: SEC Drops XRP Case, Ripple CEO Confirms

Last week, reports surfaced that the prolonged legal battle between Ripple and the SEC was nearing conclusion. In 2023, Judge Analisa Torres ruled that while Ripples institutional sales violated securities laws, its retail sales did not, marking a partial victory for Ripple. Following a $125 million fine imposed on Ripple, the SEC filed a notice of appeal.

This has been influenced by Trumps favorable stance on the crypto market and Ripples contributions during the presidential race. Ripple and its executives donated more than $70 million to the Congress-focused Fairshake super PAC and over $5 million to Trumps inaugural fund.

After the announcement of the lawsuits conclusion, XRPs price saw a surge of over 10%. With Ripple overcoming its regulatory challenges, projections suggest that the price of XRP could surpass $5 in 2025.

Ripples IPO and XRP ETF Plans Accelerate

Following the conclusion of the lawsuit, theres growing anticipation that Ripple could launch its long-awaited Initial Public Offering (IPO). The companys recent valuation at $11.3 billion, along with its share repurchases, has intensified these beliefs.

Moreover, the SECs case dismissal has cleared the obstacles that have been troubling Ripple to secure more bank partnerships. Already partnered with over 300 financial institutions, Ripple could potentially attract industry players like Bank of America, American Express, and Santander to join its RippleNet.

Ripple is already making moves with its Central Bank Digital Currencies (CBDC) initiatives, having already launched pilots in countries such as Colombia and Palau. The recent resolution to their lawsuit could significantly highlight Ripples profile and accelerate the adoption of CBDCs worldwide. In addition, Ripples stablecoin, RLUSD, is gathering momentum, with a notable issuance of 28.2 million RLUSD.

Furthermore, the approval of an XRP-backed Exchange-Traded Fund (ETF) is looking increasingly promising. The end of the lawsuit removed regulatory barriers, potentially attracting substantial interest from institutional investors.

Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr

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