Ripple vs SEC Lawsuit Is Over! 86% Chance of XRP ETF Approval by 2025
The post Ripple vs SEC Lawsuit Is Over! 86% Chance of XRP ETF Approval by 2025 appeared first on Coinpedia Fintech News
Ripples legal battle with the SEC is finally over! The crypto giant has dropped its cross-appeal, marking the official end of the case. The SEC will keep $50 million, and Ripple gets back $75 million from the $125 million fine. With the lawsuit settled, all eyes are now on XRPs future, and Polymarket predicts an 86% chance of an XRP ETF approval by 2025!
SEC vs Ripple Case is 100% Over
The lawsuit began in December 2020, when the SEC accused Ripple of conducting an unregistered securities offering through XRP sales. Over the years, the case became a key battle in defining how U.S. securities laws apply to digital assets. However, Ripple has now emerged stronger, marking a major win for the crypto industry.
Chief Legal Officer Stuart Alderoty confirmed on X that Ripple has agreed to drop its cross-appeal, allowing the SECs previous decision to stand. Additionally, the SEC has requested the removal of the standard injunction on Ripple.
The resolution is now awaiting final legal procedures and a commission vote before it is formally closed.
This legal settlement comes at a time when the SEC has been reassessing its approach to crypto regulation. The agency has recently dropped lawsuits against major crypto exchanges like Coinbase and Kraken, signaling a shift in its regulatory stance.
XRP ETF Has 86% Chance of Approval by 2025
With the lawsuit behind it, Ripple is now looking forward, and investors are optimistic about XRPs future. According to Polymarket, there is now an 86% chance that an XRP exchange-traded fund (ETF) will be approved before 2025.
Amid the market turmoil, XRP remains stable, currently trading at $2.46, staying above the important support level of $2.40. Many analysts believe XRP could soon reach $2.9990 and even $3.4000, driven by market confidence and potential ETF approval.
As the Ripple vs SEC case finally ends, the focus now shifts to XRPs market growth and the potential ETF approval, which could bring major institutional interest into the cryptocurrency.
Read more: https://coinpedia.org/news/ripple-vs-sec-lawsuit-is-over-86-chance-of-xrp-etf-approval-by-2025/
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
