XRP Legal Battle Concludes: SEC Opposition and Market Reaction
The prolonged legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has finally reached its conclusion, as announced by Ripple CEO Brad Garlinghouse. Despite the resolution, the XRP price showed no positive movement, sparking demands from the community for an official SEC statement. A recent unusual filing in the SEC vs. Ripple case has added another layer of intrigue to this high-profile saga.
Ripple Lawsuit News: SEC Opposes Emergency Request
The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has officially come to an end, as confirmed by Ripple CEO Brad Garlinghouse. While the announcement was met with celebrations, the XRP price failed to react positively. This led to calls from XRP enthusiasts for an official statement from the SEC. An unusual filing recently appeared in the SEC vs. Ripple docket, where Justin W. Keener submitted an emergency request for ’decisive evidence,’ which the SEC opposes, calling it unnecessary.
Ripple News: $1.25B Hidden Road Acquisition Marks Defining Moment for XRP
Ripple has announced its largest acquisition to date, acquiring Hidden Road for $1.25B. This deal cements Ripple’s position as the first crypto-native firm to operate a global, multi-asset prime brokerage platform. Hidden Road, known for its extensive clearing and financing services across various financial instruments, including digital assets, currently serves more than 300 institutional clients and clears over $3 trillion annually. This acquisition could usher in a new chapter for XRP and the broader Ripple ecosystem, marking a major leap into institutional finance.
First Ever XRP ETF Goes Live on NYSE Arca: Here’s How to Invest
Teucrium Investment Advisors has launched the first-ever XRP-based Exchange-Traded Fund (ETF) in the United States. The Teucrium 2x Long Daily XRP ETF (ticker: XXRP) started trading on the NYSE Arca exchange on April 8, 2025. This marks an important moment as it’s the first ETF in the U.S. tied to XRP. The XXRP ETF is a 2x Leveraged fund, aiming to double the daily price movement of XRP, which can lead to higher gains but also bigger risks due to XRP’s price volatility. Other firms like Bitwise, WisdomTree, and Franklin Templeton are also working on XRP-related ETFs.
XRP Outpaces Bitcoin, Ethereum, and Solana in Futures Volume
Ripple Labs Inc.’s associated digital currency, XRP, is currently leading Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in future volumes. According to data from Glassnode, XRP’s futures volume surged 78% over the past seven days, maintaining its lead against Bitcoin’s 68%, Ethereum’s 58%, and Solana’s 58% increase. This suggests a rapid growth rate for XRP.
