XRP News: Ripple Clears Major Regulatory Hurdle, XRP Price Predicted to Reach $5 by 2025

A significant development in the cryptocurrency world has taken place with the SEC dropping its lawsuit against Ripple. This move has not only brought relief to Ripple but has also sparked Optimism in the broader crypto market. Here’s a detailed look at the implications of this decision and what it means for XRP’s future.

SEC Drops Lawsuit Against Ripple: Why XRP’s Price Hasn’t Seen A 3x Surge Yet?

The Ripple vs SEC lawsuit is finally nearing its end after years of intense legal battles. This decision marks a significant moment for both Ripple and the broader cryptocurrency market, setting a critical precedent that could reshape the industry. After the lawsuit’s conclusion, XRP’s price jumped over 10%. With Ripple now past its regulatory hurdles, some projections predict XRP could reach over $5 by 2025. In a recent post, software engineer Vincent Van Code explained how the SEC dropping its appeal against Ripple is a major win for XRP, despite the price not tripling as he initially expected.

Ripple CEO Expects XRP ETFs to Launch by H2 2025

Ripple CEO Brad Garlinghouse expects XRP exchange-traded funds (ETFs) to launch in the U.S. by the second half of 2025. In an interview with Bloomberg Crypto on Mar. 19, he cited Ripple’s legal win against the Securities and Exchange Commission as a key turning point. Garlinghouse noted that there is huge demand for these ETFs and that XRP-based investment products outside the U.S. are already seeing steady inflows. Following the SEC’s decision to drop its case against Ripple, he believes that previous regulatory pressure on XRP has eased, and institutions now have greater trust in XRP’s legal standing.

Ripple Celebrates Decisive Legal Victory Over SEC

Ripple and its token XRP have emerged victorious in a long-running legal battle with the SEC. The SEC has officially dropped its lawsuit against Ripple, putting an end to a battle that has lasted since 2020. The SEC had accused Ripple of raising $1.3 billion through an unregistered sale of XRP tokens since 2013. This decision marks a major turning point and could shake up the regulation of digital assets, paving the way for new crypto investment opportunities.

Bitnomial to Launch First CFTC-Regulated XRP Futures Following SEC Lawsuit Dismissal

Crypto exchange Bitnomial is set to launch the first-ever Commodity Futures Trading Commission (CFTC)-regulated XRP futures in the United States today, following its decision to voluntarily dismiss a lawsuit against the Securities and Exchange Commission (SEC). The Chicago-based firm announced that the physically settled XRP futures will be available to current users starting March 20, marking a significant milestone for cryptocurrency derivatives in the U.S. market. ’Regulatory clarity has improved,’ Bitnomial stated in its announcement, explaining the rationale behind dropping its legal action against the SEC, which had previously blocked the exchange’s attempts to list XRP futures.