Financial analyst David has recently indicated that the Ripple and SEC legal dispute is nearing its conclusive phase, suggesting that the prolonged controversy is set to conclude. He emphasized that this resolution will pave the way for a significant “regulatory transformation” for XRP, positioning the cryptocurrency in a favorable light.
Understanding the Ripple vs. SEC Lawsuit’s Conclusion
In an insightful tweet, David elaborated that stakeholders in the market are witnessing the penultimate steps in the Ripple vs. SEC lawsuit. He confidently asserted that XRP is poised not only for liberation but also for a victorious outcome. The recent collaboration between the two parties to pause their appeals strongly suggests mutual interest in reaching a settlement.
The involved parties have recently submitted a status report to the appellate court, requesting an extension on their temporary halt while awaiting an indicative ruling from Judge Sarah Torres. David highlighted this joint submission, which aims for clarity on critical issues in the Ripple vs. SEC case.
He pointed out that the focus of both parties is to ask Judge Torres to lift the injunction against Ripple and reduce the proposed civil penalty to $40 million. David stressed that this action would not merely be viewed as a minor consequence but as a clear victory for Ripple, signaling confidence to institutional investors.
Looking ahead, the expert is optimistic that Judge Torres will soon announce her ruling, likely affirming that XRP should not be classified as a security. David envisions that this pivotal moment will encourage numerous institutions currently hesitant to participate to finally take the plunge. He refers to this occurrence as the ultimate “regulatory breakthrough,” as it could dispel any lingering doubts about Ripple’s legal standing.
Impending XRP ETF Approvals
With the Ripple vs. SEC lawsuit approaching a resolution, David strongly believes that XRP ETFs could see approval in the near future. These funds are currently in the public comment period, and he noted that projections for their approval by 2025 are exceedingly high—over 85%—taking into account the optimism surrounding legal clarity and robust market demand. Thus, the expert confidently stated that the “floodgate for ETF approvals is imminent.”
He proceeded to outline the elements that could set the stage for the next XRP bull market, notably the resolution of the Ripple vs. SEC issue. This clarity will not only facilitate potential ETF approvals but also expand institutional access to XRP. Furthermore, David anticipates a surge in the global utility of XRP, with practical applications outpacing retail trading activities.
As of the latest update, XRP is valued at approximately $2.25, reflecting a positive trend in the past day, according to statistics from CoinMarketCap.
