The long-running lawsuit between Ripple and the SEC is nearing its conclusion, as the SEC has withdrawn its objection, according to Ripple CEO Brad Garlinghouse.
While final approval is still pending, this development marks a significant milestone in the case, which has hindered Ripple’s U.S. operations.
Ripple’s announcement led to a spike in XRP’s price, with analysts suggesting that the end of the case, coupled with Ripple’s progress and potential regulatory changes, could significantly impact XRP’s value.
B2BinPay CEO Arthur Azizov forecasts XRP could reach between $5 and $7 by mid-2025, driven by the SEC case’s resolution and Ripple’s global payment advancements. Other analysts, like XTB’s Hani Abuagla, predict a much wider price range, from $5 to $100, citing potential regulatory shifts under a new U.S. administration.
Bitget Research analyst Ryan Lee offered a more conservative estimate, with XRP ranging from $1.80 to $8.40, potentially reaching $10, dependent on adoption and regulatory clarity.
John Deaton, founder of CryptoLawUS, believes XRP could even surpass Ethereum in market value, should the SEC approve XRP ETFs. Despite the optimism, the future of XRP remains uncertain, hinging on various factors including legal and regulatory outcomes.
Solaxy ($SOLX) is revolutionizing blockchain technology by offering the first Layer-2 solution on Solana. This project significantly improves speed and reduces transaction fees, solving network congestion problems.
Solaxy’s advanced rollup architecture shows strong potential to optimize transaction speeds and reduce congestion-related inefficiencies on Solana. The project’s approach reduces congestion and ensures smooth execution, even during peak activity. For traders, this means faster and more reliable transactions, preventing failed swaps.
Beyond improving transaction efficiency, Solaxy is expanding interoperability between Solana and Ethereum. The $SOLX token functions as a multi-chain asset, allowing users to engage across both ecosystems. This provides access to Ethereum’s liquidity while benefiting from Solana’s speed and cost efficiency.
Coinbase is gearing up to broaden its futures trading capabilities, introducing round-the-clock contracts for Solana (SOL), XRP, and Cardano (ADA) starting June 13.
Investor sentiment around the potential approval of a spot Solana ETF has surged in recent weeks, with new data suggesting growing confidence that 2025 could be the year the green light finally comes.
The U.S. Securities and Exchange Commission has made it clear it will no longer involve itself in regulating memecoins—tokens often driven by internet culture, hype, and political branding.
A fresh attempt to introduce staking-based ETFs in the U.S. has run into immediate friction with regulators.