This news, widely discussed across crypto communities, has sparked optimism that the cloud of regulatory uncertainty could finally lift. Regulatory clarity would affirm XRP’s status as a non-security for retail sales—consistent with prior court rulings—and pave the way for broader institutional adoption and potential spot XRP ETF approval. Ripple CEO Brad Garlinghouse said the decision “provides a lot of certainty for Ripple” and that the case is effectively over.
XRP (XRP) has gained for the second day in a row, up 3% to trade at $2.45 on March 24. XRP price is up 5% over the last seven days, rising 31% above its local low of $1.89 reached on March 11, as most crypto prices flashed green amid improving market sentiment.XRP/USD daily chart.
As reported by Cointelegraph, the SEC’s decision to drop the Ripple case provides no legal precedent, and the industry still has no legal framework it desires. Related: SEC’s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance RedefinedHowever, the crypto community remains optimistic that the stablecoin bill and the crypto framework bill FIT 21 bill will be passed by the end of this year.
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Author / Journalist: Cointelegraph by Nancy Lubale
