Hot scoop! XRP has surged by 14% on the heels of stories indicating the SEC could be softening its stance toward the prospect of XRP ETFs. Apparently, a duo of requests have been lodged and are being assessed. This might just revolutionize XRP!”
Ripple has been on a recruitment drive recently, onboarding nearly a dozen roles in the States since the start of October.
**Ripple versus SEC: The Ongoing Saga?**
All are anticipating the legal dispute between Ripple and the SEC will conclude shortly. Last year, Judge Analisa Torres decided that Ripple’s XRP sales to everyday investors weren’t securities trades, despite the fact that their sales to institutions were a no-go under American securities statutes.
Ripple is contesting the sections they disapproved of. Toncoin (TON) Value Forecast for March 26th
Carlos Guzman, an analyst at GSR, anticipates Ripple will achieve a significant victory if the SEC’s appeal is unsuccessful or if the new SEC leadership decides to settle.
**Newcomer on the Scene: RLUSD**
Ripple isn’t simply idling, awaiting the conclusion of the lawsuit. They introduced RLUSD, a dollar-linked token, in mid-December, intending to seize a portion of the $233 billion stablecoin market.
Ripple CEO Brad Garlinghouse is of the opinion that stablecoins like RLUSD will gain greater traction as the US establishes clearer regulations.
Nevertheless, RLUSD is still striving to establish its presence, presently ranked at number 29 with a market capitalization of $108 million.
*Correction: A prior headline incorrectly implied an XRP ETF had been authorized. It was not. The headline has been revised.*
*Pedro Solimano is a market journalist situated in Buenos Aires. Have a lead? Contact her at [email protected].*
