The SEC has ended its battle against EthereumThe future of the. Ripple and XRP It is still open to debate. Ripple and the SEC are involved in a legal dispute for quite some time. Since the SEC dropped their charges against Ethereum in December, there are questions about how they will regulate XRP and their inconsistent approach.
Experts in the crypto industry have criticised SEC’s partiality when handling cases involving similar cryptocurrency, such as RippleLabs. Despite the court battle, Ripple XRP is still a favorite among investors. It’s also in the top 10 cryptocurrency assets by market value. XRP was also rumored to be the top crypto asset after Spot Ethereum ETFs were partially approved. next To receive the Spot ETF, you must have a cryptocurrency.
Recent developments suggest the SEC will not be appealing the court ruling that XRP does not qualify as a security. This could lead to a massive increase in the value of the asset. Ripple’s vs SEC ruling will also be an important catalyst in the future of crypto.
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
Will the End of Ripple’s vs SEC law suit push XRP up?
![rIPPLE XRP](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Ripples-XRP-Outshines-Solana-SOL-and-BNB-EU-Report.jpg)
Ripple’s (XRP), a cryptocurrency, has seen a surprising increase in value over the last week. Even though the market was in a downturn, Ripple (XRP) had risen by 202%. The excitement surrounding a possible XRP-based ETF only serves to increase interest in this coin. This will inevitably cause the coin to rise above $0.50 once again.
Both Ripple’s CEO and president made recent arguments in favor of a Ripple ETF. According to the CEO, multiple coins will inevitably get ETFs. “People don’t want just exposure to one commodity,” Garlinghouse, in an interview with Fox Business. He also added it. “only makes sense” Addition of commodities on the market will give traders more trading options. XRP may be a competitor on the market to ETH or BTC ETFs.
In the end, we’ll have to wait until the Ripple-SEC Lawsuit is officially concluded. But the fact that XRP has been cleared of all charges shows this will happen soon.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru