XRP News: Ripple Eyes Significant US Market Growth and Potential XRP ETF Following SEC Lawsuit Victory

Ripple CEO Bets Big on US Market Growth After SEC Lawsuit Victory

Ripple CEO Garlinghouse emphasized that Ripple continues to operate in the payments and securities sectors within the US and expressed Optimism about significant growth in the American market following the SEC’s decision to withdraw its lawsuit. The SEC returned a $75 million penalty previously imposed, and Ripple is now free to sell its XRP token to institutional investors.

XRP ETF May Be on the Horizon After Ripple’s Legal Win

The long-running legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs may soon come to an end, paving the way for an XRP exchange-traded fund (ETF) in the United States. ETF analyst Nate Geraci expects major financial institutions like BlackRock and Fidelity to apply for financial products tracking Ripple’s native token, now that legal uncertainties have been resolved. Geraci highlighted that XRP is one of the largest crypto assets by market cap.

Ripple Plans US Comeback After SEC Case Ends

Ripple CEO Brad Garlinghouse has shared that the company plans to expand its presence in the American market following a major legal victory. The SEC had sued Ripple in December 2020, claiming its XRP token was an unregistered security. However, the case is now closed, with the SEC returning a $75 million fine and withdrawing its appeal. Ripple is now allowed to sell XRP to institutional investors without restrictions. Despite legal challenges, Ripple has continued its operations in payments and securities and aims to grow its American client base.

Ripple Is Winning Big, But XRP Price Remains Flat

Ripple has seen favorable developments, including the end of a four-year lawsuit against the SEC and the potential launch of an XRP ETF in the US. However, despite these positives, XRP’s price remains almost 30% away from its all-time high and has shown little movement in recent weeks. The crypto landscape overall is improving, with BTC ETFs having gone live in the US and Bitcoin setting a new all-time high, but some altcoins like XRP are still struggling.