Ripple and SEC’s XRP ETF Decision Faces Delay

Lede: Ripple and the SEC’s discussions on a spot XRP ETF have faced a delay as Judge Analisa Torres rejected their joint motion for settlement over procedural issues in New York.

Nut_graph: The delay raises uncertainty for XRP’s market performance, affecting broader market sentiment and institutional engagement with potential resolution not expected until 2025.

Judge Rejects Ripple-SEC Settlement, Delaying ETF

The SEC’s decision to delay approval of a spot XRP ETF affects Ripple Labs. Judge Analisa Torres denied Ripple’s settlement motion on procedural grounds, causing a significant hold for the crypto industry. “The joint motion for a settlement was denied as ‘procedurally improper,’ with the court lacking jurisdiction while the case is ‘currently on appeal.'” source

Ripple faces challenges in the U.S. markets, affecting liquidity and asset value. Key figures like Stuart Alderoty have voiced continued cooperation with the SEC towards resolution.

XRP, Major Cryptos Face Liquidity Challenges

The delay in spot XRP ETF approval affects not only Ripple but also DOGE, BTC, and ETH markets. Institutional players watch closely for impacts on liquidity and valuation shifts.

The broader crypto market faces uncertainty, as financial stability and investment potential remain unsettled. Ripple’s ongoing legal hurdles maintain investor caution and market volatility.

Ripple-SEC Case Mirrors Past SEC Legal Battles

The Ripple-SEC case recalls past SEC litigation triggering similar market reactions, including increased asset volatility. Such cases tend to drag, affecting asset deployment and price stability.

Analysts suggest potential outcomes depend on ongoing negotiations. Historical trends show settlement often leads to market recovery but extend market unease before resolution.

Stuart Alderoty, Chief Legal Officer, Ripple, has expressed that “Nothing in today’s order changed Ripple’s wins. This is about procedural concerns with the dismissal of Ripple’s cross-appeal. Ripple and the SEC are fully in agreement to resolve this case and will revisit this issue with the Court, together.” source