XRP vs. SEC: Lawyer Spills Tea on ETF Impact & Future
The long drawn out legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has left investors wondering about the impact on XRP ETF approval.
But a lawyer has clarified that the lawsuit won’t hinder approval.
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Pro-XRP lawyer Jeremy Hogan recently tweeted that while a Ripple settlement may precede XRP ETF approval, the two are not linked. He said ETF approvals take time due to regulatory reviews not legal disputes.
Historical SEC precedents show that ETF approvals can happen even if an asset is under legal scrutiny. With Nasdaq filing for XRP and Litecoin ETFs, optimism in the crypto space is growing.
SEC No Longer a Barrier to XRP ETF Listing
The XRP lawsuit has narrowed down to Ripple’s institutional sales not XRP being a security. Lawyers say there’s no legal restriction to approve an ETF. Hogan pointed out the SEC has approved ETFs for other digital assets despite legal uncertainties.
Regulatory clarity: The question of whether XRP is a security has been largely answered in court.
ETF precedent: The SEC has approved ETFs for assets under legal and regulatory challenges.
Industry confidence: Nasdaq and CoinShares are moving forward with applications despite the lawsuit.
These facts suggest an XRP ETF can get regulatory approval despite the ongoing litigation.
Growing Market Confidence in XRP ETF Prospects
Despite initial concerns about regulatory delays, investor sentiment on XRP ETF is positive. Institutional interest in crypto investment products is at an all-time high with major players filing for multiple digital asset ETFs.
Nasdaq just filed a 19b-4 to the SEC for CoinShares XRP and Litecoin ETFs. CoinShares has also filed an S-1 form, a crucial step in the ETF approval process. The presence of these filings means market confidence in XRP ETF is growing.
According to Bloomberg’s James Seyffart and Eric Balchunas, there is a 65% chance XRP ETF will be approved by 2025. But other cryptos like Litecoin, Dogecoin and Solana have even higher odds at 90%, 75% and 70% respectively.Also, reports say Ripple CEO Brad Garlinghouse might join former President Trump’s crypto advisory board. If that happens, that’s a big win for Ripple in the regulatory and political world.
XRP is up 3% to $2.50 and Future Open Interest is up 5% a sign the market is getting more enthusiastic. As the ETF debate heats up, XRP is getting in position as a strong player in the growing digital asset investment space.
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