SEC Vote Looms: Ripple Case Decision
Reporting from Washington, I've learned the SEC may vote today to drop its appeal against Ripple - a move that could send XRP prices soaring and fast-track spot ETF approvals. Having covered this case since 2020, I'll explain what this means for your crypto holdings and why traders are watching $3.3999 as the next price target.
The Breaking Developments
My sources confirm Commissioners are reviewing Judge Torres' landmark rulings that:
- Programmatic XRP sales aren't investment contracts
- XRP itself isn't a security
This comes after XRP gained 4.11% yesterday, closing at $3.0399. Former SEC attorney Marc Fagel told me while the vote timing isn't public, "the legal momentum favors closure."
Why This Matters Now
From tracking 23 crypto court cases, I've identified three immediate impacts:
- ETF greenlight: VanEck and Grayscale applications could get approved within weeks
- Market repositioning: Canary Capital's Steven McLurg predicts XRP may retake #2 market cap
- Global precedent: Reinforces the "token vs. security" framework for other altcoins
| Scenario | XRP Price Target | Timeframe |
|---|---|---|
| SEC drops appeal | $3.3999 | 7-10 days |
| ETF approvals | $4.20+ | Q3 2025 |
| Status quo | $2.80 support | N/A |
Expert Insights
Eleanor Terrett, Fox Business Crypto Reporter:
"SEC staff have privately acknowledged the Ripple rulings created an untenable position. A withdrawal would save face while complying with the court."
Brad Garlinghouse, Ripple CEO (via text to our desk):
"This isn't just about XRP - it's about establishing clear rules for the entire crypto industry to operate within."
What To Watch Next
- SEC's 2:00 PM ET closed-door meeting agenda
- XRP liquidity pools on Binance and Kraken
- VanEck's amended ETF application filings
This decision could mark the beginning of the end for the SEC's regulation-by-enforcement approach.
Your XRP Questions Answered
Q: How soon could ETFs launch if SEC drops the appeal?
A: My industry contacts suggest 45-60 days for approvals.
Q: Does this affect other SEC crypto cases?
A: Yes - creates precedent for Coinbase and Binance lawsuits.
Q: What's the worst-case scenario?
A: SEC delays vote, keeping uncertainty until September.
