XRP Price Check Feb 25: Ripple SEC Case & ETF Impact on Price — Where’s XRP Headed?

• The US SEC has dropped legal actions against Coinbase, OpenSea, and Robinhood. 
• Industry members have met with the SEC over spot ETF approvals and enforcement approaches.
• XRP has crashed 8% in the past days but investors can expect a rebound if XRP ETF is approved.

The long-running battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has been key for XRP’s market moves. XRP’s price action largely depends on the resolution of the lawsuit and the approval of a spot XRP exchange-traded fund (ETF) in the US. 

American exchange Coinbase recently announced that the SEC was close to dismissing its lawsuit against the exchange. This action is similar to the SEC’s recent decision to drop its case against OpenSea, a leading NFT marketplace. 

SEC Enforcement Approach “Changing”

Furthermore, the SEC has closed its investigation into Robinhood Crypto, signaling a notable change in the agency’s approach to enforcement. 

While Kraken and Uniswap still face potential lawsuits, the general trend suggests the SEC may be pulling back from its aggressive regulatory stance against major crypto firms.

Related: XRP Edges Out …

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