From Yahoo Finance: 2025-03-20 17:45:00

The SEC has dropped its case against Ripple Labs, causing XRP to soar by 10% initially. This move opens the door for XRP ETF approval, potentially transforming the cryptocurrency into an approved financial product like Bitcoin and Ethereum ETFs. The regulatory battle began in 2020 and ended with the SEC dropping its appeal of a court ruling.

The decision marks a broader pullback from crypto enforcement by the SEC under the Trump administration. At least seven major investment firms have filed for XRP-focused ETFs in anticipation of regulatory approval. Prediction markets show an 82% chance of XRP ETF approval in 2025, reflecting growing optimism in the market.

The SEC’s changing posture towards cryptocurrency regulation has improved the outlook for XRP-based investment products. This could lead to mainstream institutional access to XRP, potentially boosting its prospects in the market. The agency’s dropping of lawsuits against other exchanges like Coinbase and Kraken further signals a shift in enforcement tactics.

Read more: SEC Drops Ripple Case as XRP ETF Approval Odds Rise