XRP News: SEC Proposal Suggests XRP as a Strategic Financial Asset, Potentially Boosting Its Price

In a recent development that could significantly impact the cryptocurrency market, the United States Securities and Exchange Commission (SEC) has proposed classifying XRP as a strategic financial asset rather than a security. This proposal comes after years of legal battles for Ripple Labs under the Biden administration, and it suggests that XRP could play a pivotal role in unlocking global liquidity worth $27 trillion. Here’s a closer look at what this means for XRP’s future.

XRP Price Set to Skyrocket? SEC’s Latest Move Explained!

After years of legal challenges under Biden’s administration, Ripple Labs can finally take a breath as Donald Trump’s administration seeks to tap XRP to implement its strategic Bitcoin (BTC) reserve. According to a recent comprehensive proposal by the United States Securities and Exchange Commission (SEC), XRP is not a security but a strategic financial asset for the country. The proposal suggests that XRP can help unlock $27 trillion in global nostro accounts, starting with the $5 trillion share of the United States. From this, the United States plans to release $1.5 trillion using XRP, which will be directed towards purchasing Bitcoin.

Bitcoin May Reach a New ATH By June; Where Do You Think XRP Price May Reach by Then?

Ripple & XRP have been grabbing mainstream attention with advancements related to the lawsuit and achievements. Recently, rounds of the SEC ending the lawsuit against Ripple made huge noise. Ripple also acquired a license in Dubai to become the first blockchain-based payment provider. Meanwhile, the latest reports suggest the SEC is considering recognizing XRP as a commodity, not a security, and also published a document mentioning replacing the SWIFT system with XRP, making it a strategic financial asset for the US.

XRP Whales Accumulate $EXP As Presale Skyrockets

The XRP community is buzzing as whales rapidly move to accumulate the highly anticipated $EXP tokens, catapulting ExoraPad’s presale to extraordinary heights. Within mere hours of launching, ExoraPad has already surpassed 30% of its softcap, highlighting intense early interest from influential XRP investors and savvy crypto enthusiasts alike. ExoraPad has quickly garnered significant attention as the XRP Ledger’s (XRPL) first-ever AI-powered Initial DEX Offering (IDO) launchpad. Its innovative approach leverages cutting-edge artificial intelligence technology to meticulously VET and launch Real-World Assets (RWAs) and Decentralized Physical Infrastructure Networks.

XRP Lawsuit Update: Will Ripple Settle with the SEC Privately?

With the Trump administration creating a more crypto-friendly environment, the XRP community is eagerly waiting to see how the SEC will handle Ripple’s long-running lawsuit. There’s a mix of excitement and anxiety among the community members. Recently, crypto legal expert Jeremy Hogan predicted that the SEC and Ripple could settle the lawsuit privately, which would bring clarity for Ripple and XRP. This potential settlement would avoid court battles, appeals, and delays, and could pave the way for banks and institutions to start using XRP without fear of legal repercussions.