The Ripple vs SEC Case: What’s Next for XRP and ETFs?
The long-running legal battle between Ripple and the SEC took an unexpected turn this week as Judge Analisa Torres denied a joint request for an “indicative ruling.” This decision means that the case will proceed as planned in the appeals process, without any changes or reconsiderations at this time.
Impact on XRP and Future ETFs
While some may view this ruling as a setback for Ripple, experts believe it will have minimal impact on XRP’s presence in the secondary market or potential ETF approvals.
Attorney Fred Rispoli explained that the existing injunction against Ripple only holds weight if the SEC actively enforces it. As of now, there are no indications that the SEC intends to do so. Judge Torres also noted in her ruling that the injunction should not interfere with XRP’s market activities unless enforced by the SEC.
Rispoli further clarified that the SEC has the authority to grant Ripple exemptions or waivers to overcome any restrictions tied to the injunction, potentially paving the way for an IPO or ETF listing in the future.
Prospects for an XRP ETF
Despite the legal uncertainties surrounding Ripple, the outlook for an XRP ETF remains positive. Bloomberg recently raised the likelihood of XRP securing ETF approval in 2025 to 85%, citing the increasing value of XRP and growing interest from institutional and retail investors.
With regulatory clarity gradually emerging in the U.S. crypto landscape, XRP could be positioned for an ETF approval once the legal challenges are resolved.
Final Thoughts
While the Ripple vs SEC case continues to unfold, the recent ruling is not expected to hinder the progress of XRP ETF discussions. Unless the SEC actively enforces the injunction, XRP trading and potential ETF developments are likely to proceed smoothly.