This summer, the Ripple ecosystem is waiting for two important events that can significantly affect the legal status of XRP cryptocurrency and the availability in the US market.
The first event is associated with the consideration of an application to the exchange fund (ETF) based on a spot XRP from Franklin Templeton. The second applies to update in the trial between the SEC and Ripple Labs.
XRP ETF solution
On June 17, the US Securities and Exchange Commission (SEC) extended the consideration of the CBOE BZX application for a leaves of a spotal XRP-ETF from Franklin Templeton, opening a new period for public comments. As a rule, such a period lasts 21 days, then another 14 days are given to objections. During this time, the SEC must either approve, or reject the listing application, or request extra time.
However, for such applications there is a rule of 240 days: it is precisely such a period that the regulator is assigned to make the final decision on the application. This means that the SEC should decide until the end of July 2025.
The SEC solution by ETF on the XRP will show the commission attitude to exchange funds based on altcoins. Approximately at the same time, verdicts are expected at the request of SOLANA ETF.
Ripple and SEC judicial dispute status
On June 16, SEC and Ripple filed a joint application to resolve key issues in the judicial dispute. They ask to cancel the ban on institutional sales of XRP and revise the cash fine for Ripple.
The parties also appealed to the US appeal for the second district with a request to suspend the appeal. This will give the lower court the time to consider and, possibly, approve the proposed conditions of settlement.
By August 15, 2025, a status report should be submitted, which will confirm one of the two: either the Analysses Judge Torres accepted a joint application, or the appeal procedure resumed.
If the settlement conditions are approved, Ripple can again sell the XRP to institutional customers, which will eliminate a significant legal obstacle to the wider use of token in business.
The end of July and August 15 are important dates for XRP. One is associated with regulatory clarity in public markets, the other with the resolution of a dispute with SEC. XRP investors will carefully observe the outcome of these events.
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Source: Cryptocurrency
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