Ripple CEO Predicts XRP ETF Launch by 2025 After Legal Victory
1min read Ripple's CEO, Brad Garlinghouse, has voiced his optimism regarding the potential launch of an XRP exchange-traded fund (ETF) by the end of 2025. This confidence is rooted in the recent legal developments surrounding Ripple's protracted legal dispute with the U.S. Securities and Exchange Commission (SEC). The lawsuit, initiated in December 2020, alleged that Ripple had conducted unregistered securities sales amounting to $1.3 billion. A pivotal ruling in August 2024 declared that XRP is not considered a security when traded on public exchanges, although penalties for institutional sales were upheld. The court ordered Ripple to pay $125 million in penalties, a sum considerably lower than the SEC's initial demand of nearly $2 billion. Both parties appealed the decision, but the SEC eventually chose to withdraw its appeal. However, Ripple's appeal to avoid the fine and to clarify XRP’s status as a security in institutional sales remains ongoing.
Garlinghouse's prediction of an XRP ETF launch by 2025 is underpinned by the anticipation of a surge in approvals during the third quarter of that year. This optimism is reinforced by the recent regulatory clarity and the SEC's decision to drop its appeal, which Garlinghouse described as a landmark moment for the industry. The CEO also foresees XRP being included in the U.S. digital asset stockpile, further cementing its market position. The resolution of the legal battle has been hailed as a decisive victory for Ripple, with the CEO suggesting that the lawsuit was not genuinely about investor protection but rather an attempt to suppress the crypto industry. This development has been welcomed by the crypto community, with many viewing it as a turning point that could reshape the landscape for digital assets. The enhanced regulatory clarity and improvements following the legal developments are expected to facilitate greater engagement from institutional and retail investors with XRP, potentially driving its adoption and value.
Ask Aime: When will the XRP ETF be launched and what impact will it have on Ripple's legal issues?
