The legal battle between Ripple and the SEC continues to unfold. This week, Judge Analisa Torres denied a joint request from both parties for an 'indicative ruling.'
What Does the Judge's Ruling Mean for XRP and ETFs
Judge Torres made it clear that she does not plan to revisit her earlier decision in the Ripple case. Legal experts believe this is unlikely to impact XRP on the secondary market or any upcoming ETF approvals. Attorney Fred Rispoli explained that the existing injunction against Ripple only matters if the SEC actively decides to enforce it, which does not appear to be the case. The judge noted that unless the SEC pushes the issue, it will not interfere with XRP's market activity.
XRP ETF Outlook
Despite the ongoing legal proceedings, market sentiment surrounding an XRP ETF remains strong. Bloomberg recently raised XRP's chances of ETF approval to 85% by 2025, attributed to the rising value of XRP and increased interest from both institutional and retail investors. Regulatory clarity is beginning to emerge in the U.S. crypto market, and XRP could be among the first to benefit once its legal issues are resolved.
Conclusion
Although the Ripple vs SEC case is not over yet, this latest delay is not expected to impede XRP's ETF plans. As long as the SEC does not aggressively enforce the injunction, trading and discussions about XRP ETFs will likely continue.
Ripple continues its battle with the SEC, but this development is not expected to significantly affect XRP's future or its potential ETFs.
