The long-standing Ripple vs SEC case is approaching its final stages. A resolution is expected that could significantly impact XRP and its market future.
Prospects for Final Resolution
On June 16, Ripple and the SEC agreed to pause their appeals, indicating a likely imminent resolution. As part of this motion, Ripple expects the injunction against it to be lifted and its civil penalty reduced to $50 million. This is a clear indication of Ripple's victory, drawing attention from institutional investors.
What Happens Next?
The next update is due on August 15. Judge Torres is expected to give a final ruling, likely confirming that XRP is not a security. If this happens, it will free institutional investors sitting on the sidelines to enter the market.
Rising Odds of ETF Approval
At the same time, the spot XRP ETF is currently in its public comment phase. The odds of approval are now at 91%. Bloomberg analysts rate the odds of an XRP spot ETF being approved at 95%. If the ETF is accepted, XRP may be poised for a major bull run.
The Ripple vs SEC case is reaching its concluding stage, potentially ushering in a new era for XRP by opening doors for institutional investors and increasing the odds of ETF approval.
