SEC confirms end of XRP lawsuit
Main Idea
The Ripple v. SEC case has concluded, potentially paving the way for clearer crypto regulations, while industry experts speculate on the possibility and impact of a spot XRP ETF.
Key Points
1. The Ripple v. SEC case has ended after five years, which may lead to a clearer regulatory framework for the U.S. crypto industry.
2. SEC Chairman Paul Atkins and others have shown openness to crypto ETFs, with Canary Capital CEO Steven McClurg suggesting XRP ETFs could outperform Ethereum ETFs.
3. McClurg highlighted XRP's dominance in blockchain-based financial services, noting $5 billion in transactions in the first month.
4. Despite denials from some funds, industry experts like NovaDius Wealth president and Bloomberg analysts predict strong demand and a high likelihood of SEC approval for XRP ETFs by 2025.
5. Futures-based XRP funds have seen over $1 billion in inflows in less than half a year, indicating potential substantial demand for spot XRP ETFs.
Description
After five years, the long-running Ripple v. the United States Securities and Exchange Commission (SEC) has finally been laid to rest. According to Commissioner Hester Pierce, the SEC can now redirect its efforts toward creating a clear regulatory framework for the U.S. crypto industry. Pierce’s attitude was echoed by SEC Chairman Paul Atkins, who added in a social media post that the agency would also focus on fostering innovation while protecting investors. Commissioner Peirce is right. With t...
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