Former SEC enforcement chief John Reed Stark has suggested that the US SEC may pause its appeal in the Ripple lawsuit, signaling a broader retreat from aggressive crypto enforcement.
The SEC has acknowledged Cboe BZX Exchange’s filing to list Bitwise XRP ETF, with analysts predicting high approval chances. The decision follows SEC’s implied classification of XRP as a commodity.
The XRP community is optimistic as Elon Musk’s DOGE reviews the SEC, fueling hope for regulatory reform and a potential XRP price rally.
The SEC has opened a public comment period for Bitwise’s XRP ETF proposal, signaling growing institutional interest in XRP despite its ongoing legal challenges with regulators.
XRP price gained 12 percent last week to trade at about $2.68 on Monday, thus overtaking Tether’s USDT in market valuation.
The SEC, previously dismissive of similar proposals, appears more open under the current administration.
The US SEC acknowledged the 19b-4 filing of Grayscale XRP Trust, which increased the odds of the agency approving a spot XRP ETF in the near future.
After a solid breakout from the multi-year symmetrical triangular pattern in early November, XRP price entered its first consolidation ahead of the much-anticipated price discovery phase.
The SEC’s delay in decisions, combined with leadership shifts, has led to speculation about the agency’s strategy and its impact on Ripple’s case and XRP price.
XRP ETF approval remains uncertain as Ripple’s legal battle continues, with analysts predicting a 65% chance amid SEC challenges and delays.
While Ripple strengthens its global presence, it remains entangled in a legal battle with the SEC in the US. However, with Donald Trump’s return to the presidency, Ripple anticipates favorable regulatory shifts and plans to hire 75% of its workforce in the US.
SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP’s price movements.
The XRP whale investors accumulated over 520 million coins in the recent correction, as US fund managers prepare to offer spot XRP ETFs in the near future.
As XRP drops under $2.50, bulls are on overtime to regain trend control. Will the declining XRP exchange reserves and a recovering funding rate enough to propel XRP to $2.83?
Ripple’s new partnerships with Revolut and Zero Hash mark significant expansion for RLUSD stablecoin, aiming to challenge USDT and USDC market dominance.