US SEC Confirms Conclusion of Legal Case Over XRP
After five years of a protracted legal battle between the US Securities and Exchange Commission (SEC) and Ripple, the case has finally come to an end.
According to SEC Commissioner Hester Peirce, the regulator can now focus its efforts on establishing a clear regulatory framework for the US crypto industry.
Her position was supported by SEC Chair Paul Atkins, who added in a social media post that the agency will also focus on fostering innovation and protecting investors.
It appears that the market is mostly interested in the approval of spot ETFs based on XRP. Stephen McClurg, CEO of Canary Capital, suggested that once launched, they could outperform Ethereum-ETFs.
His optimism was fueled by speculation about a possible application for XRP-ETF registration by BlackRock.
Nate Geraci, President of NovaDius Wealth, also expressed the view that BlackRock had been waiting for the case to conclude before taking more serious steps.
However, this information was quickly denied by the fund’s manager.
Bloomberg analysts James Seyffart and Eric Balchunas estimate the probability of SEC approval for an XRP-ETF in 2025 at 95%.
See also: "Trump Media amends its Bitcoin ETF application to the U.S. SEC"
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