The ongoing Ripple vs. SEC lawsuit continues to shape the future of XRP, with recent court decisions influencing the prospects of a Spot XRP ETF.
Legal expert Fred Rispoli offers a nuanced interpretation of the latest procedural dismissal, emphasizing the importance of XRP’s secondary market status for ETF approval.
According to COINOTAG sources, the distinction between primary and secondary market sales remains central to regulatory clarity and investor protection.
Explore how Ripple’s legal battle with the SEC impacts the potential approval of a Spot XRP ETF, focusing on secondary market clarity and regulatory insights.
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The recent rejection of a joint motion by Judge Analisa Torres in the Ripple-SEC lawsuit marks a procedural development rather than a substantive setback. This dismissal pertains to minor procedural disagreements and does not alter the court’s prior rulings on XRP’s classification. Fred Rispoli, a prominent attorney supporting Ripple, highlights that this decision does not undermine the potential for a Spot XRP ETF. The distinction between Ripple’s primary sales of XRP and its trading on secondary markets remains the pivotal factor in regulatory assessments. The court’s earlier judgment that XRP’s secondary market transactions do not constitute unregistered securities sales provides a strong foundation for ETF applications.
Understanding the difference between primary and secondary markets is essential when evaluating XRP’s ETF prospects. While the SEC’s lawsuit targets Ripple’s direct institutional sales, the secondary market—where XRP is traded among investors on public exchanges—has been deemed less contentious legally. This clarity reduces regulatory uncertainty, aligning with the SEC’s investor protection mandate by ensuring that ETFs are backed by assets traded in compliant, transparent markets. The recent approval of Bitcoin Spot ETFs further exemplifies the SEC’s evolving stance toward regulated crypto products, setting a precedent that could benefit XRP, provided it meets similar market surveillance and liquidity criteria.
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Source: https://en.coinotag.com/legal-clarity-on-xrp-secondary-market-may-influence-potential-spot-xrp-etf-approval-experts-suggest/