XRP holders are becoming increasingly worried about the ongoing legal proceedings between the SEC and Ripple, as they believe that it is exacerbating regulatory uncertainties in the cryptocurrency market. This lawsuit has raised concerns about whether it will have an impact on the approval process for XRP-related ETFs. Legal experts emphasize that the progress of these processes is influenced by various factors, and the complexity and length of regulatory procedures are affecting market expectations. As institutional applications gain momentum, there is speculation that an XRP ETF approval may occur by 2025.
Legal expert Jeremy Hogan has stated that the Ripple case does not directly affect the ETF approval process for XRP. Hogan explains that the approval process for ETFs moves forward independently, based on regulatory reviews rather than the developments in the lawsuit. Therefore, any changes in the Ripple case do not directly impact the approval of ETFs.
The lawsuit specifically focuses on whether Ripple’s sales of XRP should be considered securities. The SEC believes that Ripple’s sales on exchanges are unregistered securities transactions. However, previous rulings have suggested that XRP may not qualify as a security.
Despite the legal uncertainties, market participants and institutions continue to submit ETF applications, with major firms like Nasdaq making notable submissions. These institutions are making significant progress in the ETF approval process by submitting regulatory documents such as S-1 forms. These developments have raised expectations among XRP investors.
Bloomberg analysts estimate a 65% likelihood of XRP ETF approval by 2025. Although this probability is lower compared to other cryptocurrencies, there are still positive signs for XRP. Analysts point out that regulatory processes are being carried out carefully, and approvals are taking time. Investors are remaining vigilant and closely monitoring developments and the actions of regulatory bodies.