Well, well, well! It appears the crypto world is buzzing like a bee in a flower shop, and at the center of this delightful commotion is none other than our dear friend, XRP. Speculation is rife that the U.S. Securities and Exchange Commission (SEC) might soon give a nod of approval to several XRP spot ETF applications. Yes, you heard it right! Bigwigs like Bitwise, Grayscale, Franklin Templeton, and 21Shares have all thrown their hats into the ring, and the decision dates are looming like a thundercloud on the horizon.
Mark your calendars, folks! The first major date to keep an eye on is June 17, 2025, when the SEC is expected to make a decision on Franklin Templeton’s spot XRP ETF application. Other dates are also strutting about — Grayscale’s deadline was May 21, 2025, and Bitwise is tapping its watch, waiting for a decision on May 25, 2025. The crypto community is watching these dates with bated breath, for if any of these applications get the green light, it could send XRP’s price soaring higher than a kite on a windy day! 🎈
But wait, there’s more! A rather juicy rumor is making the rounds, suggesting that the SEC and Ripple have already settled their long-standing legal spat in a clandestine manner, just waiting for the judge to give it a thumbs up. However, former SEC attorney Marc Fagel has stepped in like a knight in shining armor to clear the air. He declared that the judge has actually turned down the request from both Ripple and the SEC. Talk about a plot twist! 🎭
“It’s not actually settled. The parties may have entered an agreement, but implementing the settlement requires court action. And the court indicated it would not simply do what the parties asked without further briefing.”
— Marc Fagel (@Marc_Fagel) May 24, 2025
According to our friend Fagel, while both parties may have reached a gentleman’s agreement, it’s not official yet. The court is demanding a bit of a show-and-tell before it decides to change its mind. In his own words, “It’s not actually settled. The parties may have entered an agreement, but implementing the settlement requires court action. And the court indicated it would not simply do what the parties asked without further briefing.”
In summary — both the XRP ETF decisions and the Ripple lawsuit saga are still hanging in the balance like a poorly balanced seesaw. Crypto enthusiasts will need to keep their ears to the ground for the official updates in the coming weeks. Stay tuned, dear readers! 📅
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2025-05-25 12:52