The US Securities and Exchange Commission (SEC) has ended its lawsuit against Ripple Labs, a move that could lead to mainstream institutional access to the cryptocurrency XRP. The news sent XRP’s price surging 10% initially, but has since cooled down.
This development opens the door for several XRP exchange-traded funds (ETFs) already filed with regulators. At least seven major investment firms have applied for XRP-focused ETFs, including Bitwise Asset Management, Franklin Templeton, and WisdomTree.
The SEC’s decision marks a significant shift in its crypto enforcement under President Donald Trump’s administration. The agency has already dropped lawsuits against exchanges Coinbase and Kraken since January.
Ripple’s win reflects growing optimism in the market. Prediction markets such as Polymarket now show an 82% chance of XRP ETF approval in 2025, up 10% over the past week. While approval timelines remain uncertain, this move has dramatically improved the outlook for XRP-based investment products.
Source: https://finance.yahoo.com/news/sec-drops-ripple-case-xrp-214500382.html