The Legal Battle Between Ripple and SEC: The Future of Cryptocurrency XRP
Latest Legal Reactions in Legal Disputes
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), both sides have submitted a new report to the Second Court, requesting a postponement of the trial while awaiting a decision from the lower court. Ripple is still trying to reduce the penalty from $125 million to $50 million and lift the court's injunction. However, the judge has not approved this proposal. Lawsuits have been refiled, and all activities will be stalled until the court issues its next ruling expected on August 15, 2025.
Impact on XRP ETFs in the United States
As the legal battle remains unresolved, XRP investors in the United States still hope for the approval of XRP-based ETFs. One of them, the XRP Fund from Franklin Templeton, has officially targeted June 17, 2025. However, the decision timeline may be delayed due to ongoing disputes. Experts predict that BlackRock may soon file for an ETF that aligns with Solana, with XRP expected to launch right after the legal dispute concludes, enhancing this token's market expansion potential.
XRP's Success in Canada: A Favorable Start
In good news for the XRP community, Purpose Investments has received final approval from regulators to launch an XRP ETF in Toronto. Unlike the United States, Canada has made significant breakthroughs for XRP. On June 18, 2025, this fund will start trading on the Toronto Stock Exchange with securities codes XRPP (CAD-hedged), XRPP.B (CAD), and XRPP.U (USD). This fund provides investors with the opportunity to gain direct exposure to the XRP spot market through registered accounts like TFSAs and RRSPs, contributing to the promotion of investment trends based on clearer legal frameworks for cryptocurrencies.
Summary
While Ripple's legal battle continues, the cryptocurrency market keeps evolving, especially through ETFs in Canada. Investors are placing their trust in new trends, hoping that the legal battle will soon end so XRP can expand its global influence. This is a crucial time to monitor legal developments that directly affect the value and investment strategy of this token in the increasingly fierce competition in the global cryptocurrency market.
Source: https://tintucbitcoin.com/xrp-spot-etf-cho-phan-quyet-thang-8/
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