What’s Next for Ripple and XRP Now the SEC’s Lawsuit Is Over?
- With the lawsuit resolved, Ripple could revisit its plans for an IPO.
- The recent ruling has potentially cleared the way for an XRP ETF.
- Ripple’s RLUSD stablecoin has entered beta testing.
The conclusion of the long-running legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) marks a pivotal moment for the cryptocurrency industry. With the $125 million penalty agreed upon, Ripple can now focus on rebuilding and expanding its business.
Sponsored
A key question on investors’ minds is: what’s next for Ripple and its digital asset, XRP ? The company has weathered a significant storm, and the outcome of the case, while not a complete victory, provides a degree of clarity that the crypto industry has been craving.
Ripple’s Next Moves
The company has indicated that it plans to rebuild trust with institutional partners and expand its global payment network. Ripple can accelerate its growth plans with the SEC’s case largely behind it.
Is a Ripple IPO Back on the Table?
One possibility is an initial public offering (IPO). While no official plans have been confirmed, an IPO could provide Ripple with significant capital to invest in research and development, marketing, and acquisitions. Such a move would also likely increase XRP’s visibility and value.
However, the path to an IPO might not be straightforward. Ripple previously expressed interest in going public in 2022 but shelved the plans due to what CEO Brad Garlinghouse described as “hostile regulators,” a clear reference to the SEC. With the recent ruling, Ripple might revisit the IPO option, depending on the overall regulatory climate and the SEC’s future actions.
DailyCoin has reached out to Ripple in hopes of gaining insights into the company’s potential plans for an IPO. We will update this article with any new information as we receive it.
XRP’s Legal Win Could Pave Way for ETF
Another potential avenue is the launch of an XRP-based exchange-traded fund (ETF). While the US market remains challenging due to regulatory hurdles, other jurisdictions could be more receptive. An XRP ETF could provide investors with easier exposure to the cryptocurrency.
Sponsored
The recent court ruling, which clarified that certain XRP sales do not constitute securities, has sparked significant interest in the possibility of an XRP ETF. The ruling has created a precedent that could pave the way for other cryptocurrencies to seek ETF approval.
Bitcoin and Ethereum already have spot ETFs , and investment firms VanEck and 21Shares have filed for a Solana ETF. The lawsuit ruling has clarified the SEC’s position on XRP, making the path for an XRP ETF less obstructed.
Ripple’s RLUSD Stablecoin Undergoes Beta Testing
Ripple has also been making strides in the realm of stablecoins . On Thursday, the company initiated testing of its new stablecoin, Ripple USD (RLUSD), on both the XRP Ledger and Ethereum mainnets.
RLUSD is currently in its beta phase and is accessible exclusively to Ripple’s enterprise clientele. This signifies that the token is unavailable for public acquisition or exchange trading. In a blog post last Thursday, Ripple explained:
“Ripple USD is presently undergoing beta testing with our enterprise partners. This phase is indispensable for guaranteeing that the stablecoin adheres to the utmost security, efficiency, and reliability standards prior to its widespread availability and subsequent regulatory approval. Consequently, Ripple USD is not currently accessible for purchase or trading."The Future of XRP
The outcome of the SEC lawsuit has had a mixed impact on XRP’s price. While it rallied initially, the price has since stabilized. Much depends on how the case progresses and whether the SEC decides to appeal. A final, definitive win for Ripple could send XRP’s price soaring.
However, it’s important to note that the cryptocurrency market is highly volatile, and factors beyond the Ripple case will influence XRP’s price.
As Ripple moves forward, the company must balance its focus on XRP with its broader mission of revolutionizing cross-border payments. The coming months will be crucial in determining the trajectory of both Ripple and XRP.
On the Flipside
- If the SEC appeals or new regulations emerge, these could pose significant challenges to most, if not all, of Ripple’s above-mentioned processes.
- The success of Ripple’s IPO will depend not only on the relatively favorable current regulatory climate but also on future regulatory conditions.
- While the court ruling clarifies some aspects of XRP’s regulatory status, obtaining approval for an XRP ETF may still face substantial hurdles.
Why This Matters
The end of the SEC lawsuit is a pivotal moment for Ripple and XRP. It enables Ripple to focus on growth strategies like an IPO or XRP ETF, which could boost investment and market visibility. The ruling also offers regulatory clarity that could benefit other cryptocurrencies. Ripple’s progress with its RLUSD stablecoin further highlights its commitment to market expansion.
To learn more about the recent surge in XRP’s price and its impact on market sentiment, read here:
Is Interest in XRP Fading? Here’s What the Data Says
To learn more about the implications of the recent ruling in favor of Ripple in the SEC case, read here:
No SEC Appeal Expected in Ripple Case as Judge Hands Down Fines
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
What Will Happen in Bitcoin and Cryptocurrencies in the Coming Days? Here are Analysts’ Opinions
How will Bitcoin and the cryptocurrency market perform in the coming days? Here are analysts' opinions.
Did the Highly Anticipated Debate of US Presidential Candidates Take Place? Did They Mention Cryptocurrencies? Here Are the Details
The US Presidential candidates' debate, which took place hours ago, did not meet expectations for the cryptocurrency market.
Shiba Inu Set to Unveil Major Shibarium Update Soon
![](https://img.bitgetimg.com/multiLang/image/social/ac8a78e09839795b98896050657355661726038005128.jpg)
Polymarket shows Harris and Trump tied in election odds after debate
![](https://img.bitgetimg.com/multiLang/image/social/5e84d0ff1eab88875cb40a4be842ed331726034101947.webp)