The legal battle between Ripple and the SEC is nearing its conclusion, but settlement terms remain uncertain. Meanwhile, the SEC is delaying its decision on an XRP ETF application.
Ripple's Negotiations with the SEC
Former Fox Business journalist Eleanor Terrett reports that the finalization of Ripple's case against the SEC is delayed due to negotiations over settlement terms. The company is refusing to accept the August court ruling, as it would mean admitting wrongdoing. The new SEC leadership is currently uncertain about any wrongdoing by Ripple.
Delay on XRP ETF
As Ripple's case nears its end, the SEC is delaying its decision on Grayscale's XRP ETF application. The regulator requires more time for consideration, with a potential decision timeline extending to mid-October.
Ripple and XRP ETF Outlook
In light of the success of Bitcoin ETFs, new XRP ETF applications have been filed, including one from Franklin Templeton. Analysts note that a potential new pro-crypto presidential policy could positively impact Ripple's future.
Ripple continues negotiations with the SEC amid delays on XRP ETF decisions. The future of the company and ETF application resolutions remains uncertain.
