By Nermeen Nabil Khear 
The post Ripple vs. SEC Lawsuit Ends: What’s Next for XRP Price and Ripple’s Future? appeared first on Coinpedia Fintech News
The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trump’s immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership. Now that this prominent case has wrapped up, investors are curious about Ripple’s next steps in its business operations and how the XRP price will respond to these developments.
XRP Recorded 10% Gain Following the News
“We’re now closing a chapter in crypto history,” Garlinghouse announced at the Digital Asset Summit in New York, marking the conclusion of the SEC-Ripple case. This statement comes four years after the SEC initiated a lawsuit against Ripple, alleging a $1.3 billion unregistered securities offering in December 2020, bringing an end to the long-standing legal war.
Also read: Big Breaking: SEC Drops XRP Case, Ripple CEO Confirms
Last week, reports surfaced that the prolonged legal battle between Ripple and the SEC was nearing conclusion. In 2023, Judge Analisa Torres ruled that while Ripple’s institutional sales violated securities laws, its retail sales did not, marking a partial victory for Ripple. Following a $125 million fine imposed on Ripple, the SEC filed a notice of appeal.
This has been influenced by Trump’s favorable stance on the crypto market and Ripple’s contributions during the presidential race. Ripple and its executives donated more than $70 million to the Congress-focused Fairshake super PAC and over $5 million to Trump’s inaugural fund.
After the announcement of the lawsuit’s conclusion, XRP’s price saw a surge of over 10%. With Ripple overcoming its regulatory challenges, projections suggest that the price of XRP could surpass $5 in 2025.
Ripple’s IPO and XRP ETF Plans Accelerate
Following the conclusion of the lawsuit, there’s growing anticipation that Ripple could launch its long-awaited Initial Public Offering (IPO). The company’s recent valuation at $11.3 billion, along with its share repurchases, has intensified these beliefs.
Moreover, the SEC’s case dismissal has cleared the obstacles that have been troubling Ripple to secure more bank partnerships. Already partnered with over 300 financial institutions, Ripple could potentially attract industry players like Bank of America, American Express, and Santander to join its RippleNet.
Read more: XRP Price Explodes as SEC Backs Down – Massive Rally Ahead?
Ripple is already making moves with its Central Bank Digital Currencies (CBDC) initiatives, having already launched pilots in countries such as Colombia and Palau. The recent resolution to their lawsuit could significantly highlight Ripple’s profile and accelerate the adoption of CBDCs worldwide. In addition, Ripple’s stablecoin, RLUSD, is gathering momentum, with a notable issuance of 28.2 million RLUSD.
Furthermore, the approval of an XRP-backed Exchange-Traded Fund (ETF) is looking increasingly promising. The end of the lawsuit removed regulatory barriers, potentially attracting substantial interest from institutional investors.
The post Ripple vs. SEC Lawsuit Ends: What’s Next for XRP Price and Ripple’s Future? appeared first on Coinpedia Fintech News
The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trump’s immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership. Now that …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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