The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be drawing to a close, fueling optimism in the market as XRP’s price surges. According to reports from Fox Business journalist Eleanor Terrett, sources close to the matter reveal that Ripple and the SEC are in the final stages of settlement discussions, but delays have been caused by Ripple’s legal team pushing for more favorable terms.
Ripple has been fighting the SEC’s claim that XRP is a security and should be subject to the same regulations as stocks. While the SEC previously imposed a $125 million fine and a permanent ban on Ripple selling XRP to institutional investors, the company argues that penalties should be waived, especially as the SEC has recently withdrawn similar lawsuits against other crypto firms, such as Coinbase, Kraken, Robinhood, and Uniswap.
The SEC’s closed-door meeting today, March 13, 2025, has sparked speculation that a final decision on the Ripple case could be made, bringing clarity to the ongoing dispute. Analysts believe the potential settlement could set a precedent for future crypto regulations and reflect a shift in the SEC’s approach to the crypto industry, influenced by the Trump administration’s push for a more crypto-friendly stance.
XRP’s price reacted positively to the news, rising 3.39% in the last 24 hours, reaching $2.23, with a market cap of $129.74 billion. Despite the SEC’s delay in approving the $XRP ETF, which typically would have triggered a price drop, XRP has continued to defy market expectations, with traders and analysts closely watching the situation.
If a settlement is reached, XRP could see even more significant price gains, with predictions suggesting that the cryptocurrency could break past $2.50, potentially even reaching its all-time high of $3.84. All eyes are now on the SEC meeting and the resolution of this landmark case, which could shape the future of cryptocurrency regulation and boost market confidence.
Also read: Russia’s Central Bank Unveils Plan for Limited Crypto Trading Trial for Wealthy Investors
