At Extreme Investor Network, we strive to provide you with the most up-to-date and unique information in the world of trading and investing. Today, we are excited to discuss the latest developments in the Ripple vs. SEC case and the potential future prospects for a US XRP-spot ETF market.
Ripple’s Chief Legal Officer, Stuart Alderoty, recently eased fears of an SEC appeal by reassuring investors that the SEC would not challenge the court ruling that XRP is not a security. This news comes after Judge Torres concluded in a July court ruling that programmatic sales of XRP do not meet the third prong of the Howey Test. Despite the SEC filing a Motion for Interlocutory Appeal in August, Judge Torres rejected the motion in October, delaying any potential appeal until after the Ripple case concludes.
Looking ahead, the resolution of the SEC vs. Ripple case without legal challenges to XRP’s classification as a commodity could open the door for a US XRP-spot ETF market. CME Group, a leading derivatives marketplace, has already announced plans to launch new CME CF Reference Rates and real-time indices for XRP, indicating growing interest and potential opportunities in the XRP market.
Stay tuned to Extreme Investor Network for more updates on the Ripple case and other market insights that can help you make informed investment decisions. Our team of experts is dedicated to providing you with valuable and unique information that sets us apart from other financial news sources. Don’t miss out on the latest trends and opportunities in the world of trading and investing. Subscribe to our newsletter today!