- Presumably, the SEC will dismiss the case against Ripple, and reclassify XRP
- If the SEC equates XRP as a commodity instead of a security like Ethereum
It’s worth noting that this has not been directly confirmed yet and there are only mentions with unnamed sources are out in the wild, but presumably the SEC will drop the case against Ripple, and reclassify XRP as commodities instead of securities bringing it closer to Ethereum.
More About the Potential End of the Case Against Ripple Labs
We’ve covered the key events in this long-running drama, but a reminder that the SEC has a big case against Ripple Labs and its XRP, equating it to securities but not commodities like Ethereum.
While Ripple recently won the case and received confirmation that XRP is not securities, the case is still open and awaiting a final resolution. And now that the key SEC officials have completely changed and fundamental reshaping are expected about crypto roundtables – there’s a good chance that this will favor Ripple, hence the reports and possible imminent end of the case.
If this happens, it will remove a lot of restrictions and penalties that Ripple Labs is currently enduring, and we could probably see the approval of a large number of XRP ETFs, for which there are already many applications from key players like Grayscale, Bitwise, etc.
Conclusions
The mentions in the web do seem very plausible in the context of the fast-paced pro-crypto environment, and if we get confirmation soon it won’t even be a big surprise.
However, let’s not be hasty, and a lot can still intervene here. Get a better understanding of why the SEC ruling is critical in crypto and be adaptive to the rapidly evolving regulation, financial, and crypto landscape.
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