XRP News Today: Ripple vs SEC Case Continues as Judge Denies Joint Request

The ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC) has taken another twist. Judge Analisa Torres has denied a joint request from both parties for an "indicative ruling," which would have signaled a potential change or reconsideration of her earlier decision. This denial means that the case will proceed as planned in the appeals process, with no immediate adjustments or reopening of the case.

This development has raised questions about the impact on XRP and its potential future as an exchange-traded fund (ETF). Legal experts, however, suggest that this delay is unlikely to affect XRP's presence in the secondary market or any upcoming ETF approvals. Attorney Fred Rispoli explained that the existing injunction against Ripple only becomes relevant if the SEC decides to enforce it actively. Currently, there are no indications that the SEC plans to do so. Judge Torres herself acknowledged in her ruling that, unless the SEC pushes the issue, it won't interfere with XRP's market activity.

Rispoli further noted that the SEC has the authority to grant Ripple the necessary exemptions or waivers to clear any restrictions related to the injunction, including those tied to an eventual IPO or ETF listing. According to legal records, there is no hard rule preventing the SEC from doing this if it chooses.

Despite the ongoing legal back-and-forth, market sentiment around an XRP ETF remains strong. The rising value of XRP and strong interest from both institutional investors and retail traders have contributed to this optimism. Regulatory clarity in the U.S. crypto space is finally starting to take shape, and XRP could be next in line once its legal uncertainties settle.

Even though the Ripple vs. SEC case is not yet resolved, this latest delay is not expected to block or slow down ETF plans for XRP. As long as the SEC does not aggressively enforce the injunction, XRP trading and potential ETF discussions will likely continue moving forward. The legal battle between Ripple and the SEC is far from over, and the future of XRP and digital assets remains uncertain. However, the denial of the joint motion for an indicative ruling suggests that the lawsuit will continue, with both sides battling it out in court. The potential approval of an XRP ETF remains a separate process from the legal battle, and its outcome is not directly dependent on the lawsuit's resolution.