Story Highlights
- Ripple lawsuit nears conclusion, with a resolution expected by April 2025.
- SEC sources hint at reduced penalties and potential commodity status for XRP.
- Acting SEC Chair Uyeda signals plans to withdraw restrictive SAB 121 rule.
The long-running lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple may soon come to an end. According to recent reports, the case could be resolved as early as April 2025. Fox reporter Eleanor Terrett had earlier mentioned that the lawsuit is “in the process of wrapping up.” Andrew confirmed through social media posts that two SEC sources validated the case nears its conclusion.
In a recent X post, Andrew explained the lawsuit’s current status as “very close to ending.” His outlined scenarios suggested XRP could gain serious commodity status after legal proceedings while Ripple would pay minimal penalties following new SEC leadership who understands the critical role this case would set for upcoming legal rules.
The XRP market could receive a significant boost from favorable results according to predictions made by financial experts. Nate Geraci, who leads ETF Store, thinks BlackRock will enable institutions to buy XRP after the lawsuit concludes through exchange-traded funds (ETFs). XRP’s position in financial markets will gain additional credibility because of this development.
XRP Set for Growth as SEC Reevaluates Crypto Custody Rules
The closing of the lawsuit corresponds with upcoming U.S. regulatory reforms that will impact the crypto market. U.S. banks could soon have the opportunity to hold crypto assets because the SEC appears ready to take down its SAB 121 accounting rule. Acting SEC Chair Mark Uyeda announced that he instructed SEC personnel to work alongside the crypto task force to evaluate the withdrawal process of this rule. The removal of the current restriction would enable financial institutions to start working with digital assets such as XRP.
The finance professor at Marquette University put forward a research paper named “Regulatory Clarity and XRP: The Path to Global Institutional Stablecoin Adoption.” The author of this paper claims GENIUS Act provides advantages to RLUSD stablecoin and XRP which Ripple controls.
XRP demonstrates positive business scenarios because of recent changes in the industry. Regulation changes combined with the lawsuit resolution may empower XRP to establish a stronger position within financial markets.
