XRP has been in the spotlight in the U.S. following key developments in its legal battle with the SEC. Recently, the SEC filed a Form C in mid-October 2024, challenging some aspects of the court's earlier ruling on Ripple's XRP sales through exchange platforms. However, the crucial point is that the court's decision declaring XRP not a security remains untouched, as confirmed by Ripple's legal team. This ruling has now become "the law of the land," providing clarity for XRP investors and the broader crypto community.
The legal battle between the SEC and Ripple could continue well into 2025, with both sides expected to file additional briefs in the coming monthsă17â sourceă. Meanwhile, XRP's price has shown volatility, with some speculation about whether the SEC missed certain filing deadlines. Despite the uncertainty, XRP has been trading steadily, and market sentiment remains optimistic for the coin's potential mass adoption, particularly as regulatory hurdles are cleared.
As the situation continues to unfold, XRP remains closely watched, especially with growing discussions about its potential to play a central role in cross-border payments and tokenization.
