In a surprising twist, the dismissal of a joint motion between Ripple and the SEC has left many wondering: Will this delay the approval of a spot XRP ETF? Pro-Ripple attorney Fred Rispoli believes the answer is no. Here’s why.
Why the Ripple-SEC Court Dismissal Doesn’t Threaten XRP ETF Approval
Analisa Torres, a judge in the U.S. District Court for the Southern District of New York, recently rejected a joint motion from Ripple and the SEC. However, Fred Rispoli, a vocal supporter of Ripple, argues this decision won’t directly impact the potential approval of a spot XRP ETF. Here’s what matters:
- The dismissal doesn’t alter XRP’s status on secondary markets, a key factor for ETF approval.
- The SEC could choose not to enforce existing restrictions on XRP sales.
- The focus shifts to SEC Chairman Paul Atkins and potential crypto regulation reforms.
How Crypto Regulation Could Shape the Future of XRP ETFs
Rispoli emphasizes that the SEC’s stance on enforcement and regulatory clarity will play a bigger role than this court decision. Here’s why:
- ETF approvals depend on market stability and regulatory certainty, not individual legal battles.
- The SEC’s willingness to adapt crypto policies could fast-track XRP ETF applications.
- Market demand for a spot XRP ETF remains strong, regardless of ongoing litigation.
What’s Next for Ripple and the SEC?
While the court dismissal adds another layer to the Ripple-SEC saga, Rispoli remains optimistic. The key takeaways:
- The SEC’s enforcement strategy will determine XRP’s immediate future.
- Regulatory reforms under Chairman Atkins could benefit the broader crypto market.
- Investors should watch for SEC announcements on crypto ETFs in the coming months.
Conclusion: XRP ETF Approval Still on the Horizon
Despite legal hurdles, the path to a spot XRP ETF remains open. Regulatory clarity and market demand will ultimately decide its fate—not a single court ruling.
Frequently Asked Questions (FAQs)
- Will the Ripple-SEC case delay XRP ETF approval?
Not necessarily. ETF approval depends more on market conditions and SEC policy than individual lawsuits. - What role does SEC Chairman Paul Atkins play?
His stance on crypto regulation could influence how quickly XRP and other crypto ETFs get approved. - Can the SEC still enforce restrictions on XRP sales?
Yes, but Rispoli suggests they may choose not to, depending on regulatory priorities. - Is a spot XRP ETF likely in 2024?
Market demand is high, but final approval hinges on SEC decisions and broader crypto regulation.
