In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
Ripple news
Ripple challenges SEC’s ruling on institutional XRP sales, claiming the Howey test was misapplied.
XRP prices have declined after Ripple co-founder’s $10 million donation to Kamala Harris’ US presidential campaign.
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments.
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.
Bitcoin pulled back from its range high as investors moved to greener pastures, but a possible misstep by the SEC could benefit BTC.
In 2023 alone, the Securities and Exchange Commission filed over 20 lawsuits against firms and individuals in the crypto industry.
After the launch of spot Bitcoin and Ether ETFs, investors eagerly await the potential debut of XRP and Solana ETFs, which could significantly impact crypto markets.
More regulatory-compliant stablecoins like RLUSD could benefit mainstream crypto adoption worldwide.
According to the latest Polymarket election odds, Kamala Harris has a 45.9% chance of securing the Oval Office in the Nov. 5 presidential election.