Key Takeaways:
- Judge Torres denied the Ripple-SEC request for a reconsideration signal.
- The ruling doesn’t hinder XRP trading or ETF plans unless the SEC acts.
- XRP ETF chances for 2025 remain high, with Bloomberg placing odds at 85%.
The ongoing Ripple vs SEC legal battle saw a new twist this week as U.S. District Judge Analisa Torres denied a rare joint request from both Ripple and the Securities and Exchange Commission (SEC). The request sought an “indicative ruling,” which would have allowed the judge to hint at whether she might reconsider or amend her prior decisions in the case.
But Judge Torres was clear: she’s not revisiting her ruling. The high-profile crypto lawsuit will move forward as planned in the appeals process.
XRP Market Impact Remains Minimal
Despite initial concerns, legal experts say this denial won’t disrupt XRP’s availability on secondary markets or halt discussions around a potential XRP exchange-traded fund (ETF).
Attorney Fred Rispoli explained that the current injunction on Ripple’s sales doesn’t automatically impact trading unless the SEC chooses to enforce it—something the judge also noted in her statement. For now, there’s no indication the SEC intends to pursue enforcement aggressively.
SEC Could Still Clear the Path for Ripple
Rispoli added that the SEC technically retains the authority to issue waivers or exemptions to Ripple. These could apply to various regulatory concerns, including those relevant to an initial public offering (IPO) or ETF listing.
In other words, if the SEC wanted to, it could facilitate Ripple’s regulatory compliance—even with the existing court order. This keeps the door open for Ripple’s broader market ambitions, including ETF integration.
XRP ETF Optimism Hits New Highs
Investor sentiment surrounding a future XRP ETF remains bullish. Bloomberg analysts recently raised the probability of an XRP ETF approval in 2025 to 85%, citing increased market confidence, growing institutional interest, and improved regulatory clarity across the crypto landscape.
Also Read: Ripple Mints 12M RLUSD as Stablecoin Market Hits $252B and Shifts Toward Profitability
As more crypto ETFs gain approval, XRP appears poised to follow, provided legal hurdles continue to stabilize. The court’s recent decision, while not favorable for Ripple procedurally, doesn’t derail these possibilities.
Despite Judge Torres’ refusal to revisit her earlier decision, XRP’s market position remains strong. The ETF path is still open, enforcement remains uncertain, and investor optimism is building.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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