Can XRP break through $5? XRP is surging amidst positive news, including the SEC acknowledging Grayscale’s XRP-spot ETF application and potential shifts in regulatory policy. Get the latest XRP news and price analysis here.<\/p>\n
Today’s crypto market is green after being in the red zone for several days. Giant tokens, such as BTC, Solana, and Ethereum have experienced price increases, including XRP.<\/p>\n
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The increase in the price of XRP<\/a> is higher than other major tokens? Is it because of the development of the XRP ETF project that Greyscale<\/a> is currently working on?<\/p>\n Let’s discuss together the latest news about XRP today and its price prediction which is projected to touch $5 soon.<\/p>\n On Thursday, February 13, the U.S. SEC officially acknowledged Grayscale\u2019s application<\/a> to convert its XRP trust into an exchange-traded fund (ETF).<\/p>\n While this acknowledgment does not guarantee approval, it marks a significant milestone for XRP. Leading ETF analyst Nate Geraci described the move as an \u201cenormous message\u201d in his X post.<\/p>\n Grayscale originally launched its XRP trust in September and applied to convert it into an ETF in January.<\/p>\n Although the SEC could reject the filing, the fact that it acknowledged the application instead of dismissing it outright suggests a possible shift in regulatory stance.<\/p>\n This development has fueled optimism in the cryptocurrency community, particularly among XRP investors.<\/p>\n While the SEC remains engaged in litigation with Ripple, the company associated with XRP, the agency has also shown signs of shifting its approach to crypto enforcement.<\/p>\n On Wednesday, February 19, the newly revamped SEC and its Crypto Task Force continued addressing regulatory challenges and enforcement cases related to digital assets.<\/p>\n Fox Business journalist Eleanor Terrett reported a major court development regarding the SEC\u2019s expansion of the Dealer Rule.<\/p>\n Under Acting Chair Mark Uyeda, the SEC voluntarily dismissed its appeal against a lawsuit brought by the Blockchain Association and the Crypto Freedom Alliance of Texas (CFAT).<\/p>\n This lawsuit challenged the SEC\u2019s broad application of the Dealer Rule, which sought to classify high-frequency trading firms and certain crypto hedge funds as dealers.<\/p>\n The dismissal of the appeal is seen as a victory for innovators and entrepreneurs in the crypto space.<\/p>\n The Blockchain Association celebrated this move, stating: \u201cToday, under new leadership at the agency, the SEC voluntarily dismissed its appeal, marking a total victory in the case not only for us, but for the innovators, entrepreneurs, and builders across America.\u201d<\/p>\n The SEC\u2019s appeal withdrawal follows recent court filings on enforcement actions against Binance, Coinbase, and Lejilex.<\/p>\n These filings requested stays, arguing that extensions would allow the SEC\u2019s Crypto Task Force to develop a regulatory framework that could lead to better resolutions.<\/p>\n Despite these positive developments, investors hoping for the SEC to withdraw its appeal of the Programmatic Sales of XRP ruling in the Ripple case may be disappointed.<\/p>\n The next deadline in the Ripple case is April 16, when Ripple must file its appeal-related reply brief. With no filings expected until then, it appears the SEC is prioritizing enforcement cases with tighter deadlines.<\/p>\n Eleanor Terrett noted: \u201cI\u2019m told by multiple legal sources that the SEC has been prioritizing cases with imminent court deadlines.\u201d<\/p>\n Some experts speculate that the SEC may be waiting for Paul Atkins\u2019 confirmation as SEC Chair before formally withdrawing from certain non-fraud crypto cases.<\/p>\n Current deadlines for major crypto lawsuits range from March 14 to April 16, allowing time for regulatory adjustments before the Crypto Task Force finalizes its approach.<\/p>\n XRP has shown significant price movements in response to the latest regulatory developments. On February 20, XRP surged 7.46%<\/a> and now trading at $2.7186.<\/p>\n This increase outperformed the broader crypto market, which gained 1.30% and reached a total market cap of $3.14 trillion.<\/p>\nSEC Acknowledges Grayscale\u2019s XRP-Spot ETF Application<\/h2>\n
SEC Litigation and Policy Adjustments<\/h2>\n
Ripple Case and Regulatory Priorities<\/h2>\n
XRP Price Trends: ETF Optimism and Market Response<\/h2>\n
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