XRP’s Future Uncertain Despite Ripple’s SEC Settlement Victory

A significant chapter in the cryptocurrency world has closed with Ripple Labs reaching a settlement with the U.S. Securities and Exchange Commission (SEC). However, the XRP community is left wondering about the digital asset’s future trajectory.

Ripple vs SEC Settlement Reached, XRP Community in Suspense

The long-running legal saga between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has concluded with a settlement. Ripple has agreed to pay a reduced fine of $50 million, slashing the original $125 million penalty. In return, the SEC will request the judge to lift the “obey the law” injunction, which had forced Ripple to register future securities sales. Despite this monumental win, XRP’s price has remained stagnant, defying expectations of a post-settlement surge, leaving the XRP community in suspense.

Big News: Coinbase Files for XRP Futures, Spot ETF Approval Soon?

Coinbase Institutional has announced that Coinbase Derivatives has officially filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures. This move aims to offer a regulated, capital-efficient way for investors to gain exposure to XRP, one of the most liquid digital assets in the market. The XRP futures contracts are expected to go live on April 21, 2025, with more details on launch timelines and availability expected soon. While futures contracts are often associated with hedging or short-selling, this development carries broader implications, particularly for the approval of spot exchange-traded funds (ETFs) for XRP. The SEC’s approval of Bitcoin and Ethereum spot ETFs was a significant milestone, and this move by Coinbase could pave the way for similar approvals for XRP.

Ripple vs. SEC: Emergency Filing Alleges Missing Evidence

An emergency filing by Justin W. Keener, who is not a party in the case, claims to have decisive evidence in favor of Ripple in its legal battle with the SEC. Keener, who had previously been sued by the SEC, argues that his collection of investment contracts could impact the case. However, the court has yet to decide on the validity and relevance of his request. The legal fight between Ripple and the SEC has taken a strange turn with this filing.

Coinbase Derivatives Set to Launch XRP Futures

Coinbase Derivatives has officially filed with the Commodity Futures Trading Commission (CFTC) to self-certify XRP futures contracts. If approved, the new contracts are expected to go live on April 21, 2025. This move marks a significant step in expanding XRP’s derivatives market, providing traders with more options for exposure. As demand for crypto futures grows, Coinbase aims to position itself as a key player in regulated crypto derivatives trading.