Lawyer On Ripple Vs SEC Case Impact On XRP ETF Approval

The XRP lawsuit has been one of the hottest topics among investors with many speculating on its potential impact on the XRP ETF approval approval. However, a top lawyer clarified that the Ripple Vs SEC case is unlikely to impact the approval procedure citing several reasons. While many assume the lawsuit could delay regulatory clearance, the legal expert explains why that’s not the case.

Meanwhile, Nasdaq has moved forward with listing applications for XRP and Litecoin ETFs, signaling growing optimism in the crypto industry. Here’s how these developments connect and what to expect next.

XRP Lawsuit Is Unlikely To Impact ETF Approval Process

A top legal expert has recently weighed in as discussions soared over the ongoing XRP lawsuit’s impact on the XRP ETF approval process. For context, an XRP enthusiast recently asked pro-XRP lawyer Jeremy Hogan on X about the possibility of an ETF approval before the lawsuit concludes. The user questioned whether the US SEC would approve an ETF while the legal battle with Ripple was ongoing.

Responding to that, Hogan said that a Ripple SEC case settlement is likely to happen before an XRP ETF approval. However, he emphasized that the two are not directly linked, and explained that his prediction comes as ETFs usually take more time due to extensive regulatory processes.

Meanwhile, another user pointed out that the first ETF application was filed on October 24 and asked if approvals typically take four to six months. Jeremy Hogan acknowledged the timeline but clarified that the approval process includes further steps, such as S-1 filings, which could extend the timeline to eight to twelve months.

US SEC No Longer A Barrier To XRP ETF Approval

The long-running XRP lawsuit is now primarily focused on specific sales of XRP by Ripple on exchanges. Pro-XRP lawyer Jeremy Hogan confirmed that nothing in the case legally prevents an XRP ETF from gaining approval. He noted that the most significant legal point of whether XRP itself is a security has already been addressed.

This means the US SEC could approve an ETF despite the ongoing Ripple Vs SEC lawsuit. Besides, the agency has previously approved such investment instruments for assets under legal scrutiny, indicating there’s no legal barrier to an ETF proceeding now.

Optimism Soars Despite Ongoing XRP Lawsuit

Despite the advancement of the XRP lawsuit under ex-SEC Chair Gary Gensler, which dampened market sentiment, recent developments have sparked market optimism. A flurry of players have filed for XRP ETF approval, indicating the growing confidence of the institutions and investors toward the asset.

For context, Nasdaq recently submitted a 19b-4 form with the US SEC, proposing the listing of CoinShares XRP and Litecoin ETFs. According to the filing, Nasdaq intends to list the ETFs under its Commodity-Based Trust Shares rule.

Meanwhile, this follows CoinShares’ submission of an S-1 form, a necessary step before launching the ETFs. These filings indicate growing institutional interest in crypto ETFs, which has also triggered a broader altcoin rally recently.

Furthermore, recent reports suggest that Ripple CEO Brad Garlinghouse may join Trump’s crypto council board. This development, if happens, could further bolster Ripple’s position in the market.

Is XRP ETF Approval Imminent In 2025?

Bloomberg analysts James Seyffart and Eric Balchunas have weighed in on the likelihood of XRP ETF approval. According to their estimates, there is a 65% chance of an ETF approval in 2025. However, other cryptocurrencies such as Litecoin, Dogecoin, and Solana have even higher odds, with approval probabilities of 90%, 75%, and 70%, respectively.

However, with legal clarity improving and institutional adoption rising, the XRP ETF debate is gaining traction. Besides, the recent comment from the legal expert has further sent relief to the investors who were concerned over the XRP lawsuit impact on the ETF approval. Having said that, as the odds of crypto ETFs gain momentum, XRP has emerged as a key contender in the list.

It’s worth noting that these developments have also fueled a rally in XRP price today. During writing, the crypto was up about 3% soared to $2.50 from its 24-hour low of $2.41. Further, The asset’s Future Open Interest jumped 5%, reflecting the bullish sentiment in the market.

Besides, a flurry of experts also predicts a potential price surge for Ripple’s native crypto to $3 if it holds crucial support. On the other hand, given these positive developments like the conclusion in the Ripple SEC case, XRP ETF approval, and others, experts also anticipate a potential rally to $6 ahead for the asset.

✓ Share:

Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.