The long-standing legal battle between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) has concluded with the final remedies ruling. This potentially paves the way for the approval of a spot XRP ETF. While the blockchain payments firm got a significant penalty, its native token has bagged notable legal clarity.
XRP ETF Calls Grow Amid Ripple SEC Ruling
The conclusion of the lawsuit has sparked renewed speculation about the potential approval of an XRP ETF. Kashif Raza, the founder of Bitinning, took to X (formerly Twitter) to express optimism about the future of XRP in the ETF market. Raza wrote:
“XRP sales to institutions were a violation of securities law. Pay $125 million fine. XRP sales to retail was not a violation of securities law. Relief to the XRP community… You can expect XRP ETF applications soon.”
Nate Geraci, President of ETF Store, echoed this sentiment, asking on X, “Wen XRP ETF?” He also highlighted the significance of Judge Torres’ ru
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