The President of The ETF Store believes that Ripple's refusal to appeal the case with the SEC may accelerate the approval of the spot XRP ETF and clear the way for BlackRock to enter this segment.

#Ripple refuses to file a counter-appeal, and the SEC is also expected to drop its appeal, as they previously stated. We are closing this chapter once and for all and focusing on what matters most — building the Internet of value. Stay tuned.

I honestly admit - I don't really understand what this will lead to in the short and long term. The company seems ready to pay the entire fine of 125 million dollars. But this is small change for them, and it's unclear why they dragged it out for so long.