Story highlights
- Ripple CEO expects XRP ETF approval before 2025 ends
- XRP may become part of U.S. digital asset reserve
- Ripple IPO possible but remains a secondary priority for now
In a move that felt like the sun breaking through a five-year storm, the U.S. Securities and Exchange Commission (SEC) dropped its appeal and lawsuit against Ripple Labs. Brad Garlinghouse, Ripple’s CEO, announced the news with the kind of relief you’d expect from a man who’d just been told he didn’t have to pay for his neighbor’s broken window. This wasn’t just a win for Ripple; it was a win for the entire crypto world, which had been holding its breath like a kid waiting for the last slice of pizza.
Garlinghouse took to X (formerly Twitter) to share his excitement, writing, “This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it.” And just like that, XRP’s price shot up 14%, proving once again that nothing makes investors happier than a good old-fashioned legal victory. 🎉
XRP Price Surges 14% After SEC Ends Legal Fight
The SEC had been after Ripple since December 2020, accusing the company of selling unregistered securities through XRP sales totaling over $1.3 billion. But in July 2023, U.S. District Judge Analisa Torres ruled that XRP’s programmatic sales to retail investors didn’t qualify as securities transactions. Institutional sales, however, were a different story, leaving the SEC with just enough room to keep its regulatory claws sharp. Still, Ripple’s victory was a big one, and it could set the tone for how digital assets are regulated in the U.S. moving forward. XRP’s price surge was just the cherry on top. 🍒
Ripple CEO Predicts XRP ETF Launch by Late 2025
While the SEC has been busy targeting other crypto companies like Coinbase, Robinhood, and Kraken, Ripple’s CEO is looking to the future. Garlinghouse predicts an XRP exchange-traded fund (ETF) could launch by the end of 2025. He even hinted that XRP might become part of the U.S. digital asset reserve system. In a Bloomberg Markets interview, he confirmed that while an IPO for Ripple Labs is possible, it’s not the company’s top priority right now. “We’ve got bigger fish to fry,” he might as well have said, though he probably didn’t. 🐟
Garlinghouse also noted that over ten applications for XRP ETFs are currently pending with the SEC, from firms like Bitwise and Franklin Templeton. So, while the SEC may have lost this round, the fight’s far from over. But for now, Ripple and XRP are riding high, and the crypto world is celebrating like it’s 1999. 🎊
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2025-03-20 10:16