Concerns among XRP holders are growing amid the ongoing legal battle between the SEC and Ripple, questioning the potential approval of an ETF for XRP.
Understanding the Legal Landscape
According to legal analyst Jeremy Hogan, the Ripple case’s outcomes do not directly affect the XRP ETF approval process. Hogan explains that ETF approvals operate independently of ongoing lawsuits.
What Are the Expectations for 2025?
Despite legal ambiguities, market participants’ enthusiasm remains strong. Numerous ETF applications, particularly from well-known companies like Nasdaq, indicate progress being made despite regulatory challenges.
Key Insights
The SEC’s lawsuit focuses on whether XRP sales are classified as securities. Previous court decisions have indicated XRP may not be a security. Bloomberg estimates a 65% chance of XRP ETF approval by 2025, lower than other cryptocurrencies. Investors are closely monitoring regulatory developments, anticipating cautious progress.
As legal proceedings unfold, XRP holders continue to navigate a landscape filled with uncertainty, while regulatory bodies proceed with caution in approving cryptocurrency ETFs.
