XRP To Benefit From Stablecoin Surge? No, It’s ‘Like A Fast-Food Chain Make More Money Than A Michelin Restaurant,’ Expert Says
Ripple (CRYPTO: XRP) may have cleared a major legal hurdle, but industry experts are divided on whether XRP is positioned to benefit from the recent stablecoin rally.
What Happened: Ripple Labs is set to settle its long-running legal battle with the SEC, agreeing to a revised $50 million penalty—down from the original $125 million.
Ripple’s Chief Legal Officer Stuart Alderoty said the SEC will return $75 million, pending final court and commissioner approval.
The deal follows the SEC dropping its appeal of a 2023 ruling that found Ripple’s XRP retail sales didn’t violate securities laws, though institutional sales did.
Ripple will also withdraw its own cross-appeal, and the SEC plans to lift the injunction currently in place.
What Experts Are Saying: The regulatory clarity has sparked discussion about potential future XRP-based exchange-traded products (ETPs), with Nicolai Søndergaard, a …
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