The most important news regarding $XRP today (June 29, 2025) seems to be the end of the long legal battle between Ripple (the company behind XRP) and the U.S. Securities and Exchange Commission (SEC).
Key points:
* Conclusion of appeals: Ripple announced the withdrawal of its cross-appeal in the case, and it is expected that the Securities and Exchange Commission will also withdraw its appeal, thus ending the legal dispute that has lasted nearly five years.
* The previous ruling is still in effect: This means that the previous rulings of the court will remain in effect, which stated that institutional sales of XRP are considered unregistered securities, while sales on public exchanges are not considered as such.
* The fine remains: Ripple's and the Securities and Exchange Commission's attempt to reduce the $125 million fine imposed on Ripple and lift the permanent ban on institutional XRP sales was rejected. Therefore, the fine and ban remain in effect.
* Focus on the future: Brad Garlinghouse, the CEO of Ripple, stated that the company will close this chapter and focus on building the 'Value Internet'.
Impact of these developments:
* Regulatory clarity: The conclusion of the lawsuit is seen as a significant regulatory clarity for XRP and the cryptocurrency sector in general in the United States.
* XRP community optimism: The XRP community is responding positively to this development, as many see it as removing a significant burden from the currency and opening the door to potential growth.
* The possibility of Exchange-Traded Funds (ETFs): Some experts believe that the settlement of the dispute paves the way for the launch of XRP Exchange-Traded Funds (ETFs), which could increase institutional adoption of the currency.
* Current market situation: Despite the positive news, the price of $XRP has seen a slight decline over the past 24 hours and is also affected by broader market tensions related to geopolitical conditions and trends in the cryptocurrency market in general.
Overall, this news is considered a significant turning point for XRP, as many see it as removing the main legal obstacle that has long faced the currency.
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