XRP holders are increasingly concerned that the ongoing legal proceedings between the SEC and Ripple are amplifying regulatory uncertainties in the cryptocurrency market. This lawsuit raises questions about whether it will impact the approval process for XRP-related ETFs. Legal experts emphasize that the progress of these processes is influenced by various factors, and the complexity and length of regulatory procedures are affecting market expectations. As institutional applications gain momentum, the possibility of an XRP ETF approval by 2025 is being considered.
Legal Process and Jeremy Hogan’s Insights
Legal expert Jeremy Hogan asserts that the Ripple case does not directly influence the ETF approval process for XRP. According to Hogan, the approval process for ETFs progresses independently, based on regulatory reviews rather than the lawsuit’s developments. Therefore, changes in the Ripple case do not directly impact ETF approvals.
The lawsuit specifically focuses on whether Ripple’s sales of XRP qualify as securities. The SEC regards Ripple’s sales on exchanges as unregistered securities transactions. However, previous rulings have indicated that XRP may not qualify as a security.
Institutional Applications and 2025 Expectations
Despite the legal uncertainties, market participants and institutions continue to submit ETF applications, with notable submissions from major firms like Nasdaq. These institutions are making significant strides in the ETF approval process by submitting regulatory documents such as S-1 forms. Such developments have heightened expectations among XRP investors.
Bloomberg analysts estimate a 65% likelihood of XRP ETF approval by 2025. Although this probability is lower compared to other cryptocurrencies, positive signs for XRP persist. Analysts point out that regulatory processes are proceeding carefully, with approvals taking time. Investors remain vigilant, closely monitoring developments and the approach of regulatory bodies.
