$XRP
The settlement comes at a time when the company is benefiting from a regulatory environment that has changed under President Trump's administration.
Last month, Ripple acquired the leading brokerage firm Hiden Road for a record amount of $1.2 billion. The company was also in talks with Circle, the issuer of USDC, regarding a potential acquisition worth $5 billion.
According to reports, this offer was rejected. With the lawsuit closed and a large portion of the penalty returned, Ripple is likely to intensify its acquisition strategy both in the U.S. and abroad.
The legal settlement may also impact the regulatory status of XRP. The case has helped solidify the opinion that XRP operates as a commodity, not as a security. This clarification could pave the way for the approval of an ETF for XRP.
Currently, prediction markets are placing the odds of approval for an ETF for XRP by the end of July at 39%, although this may change after the settlement.
The price of XRP has risen by about 10% today, although analysts believe that much of the news had already been priced in, as the terms of the settlement had been publicly expected for weeks.$XRP