Ripple's Progress toward Ending Its Legal Battle Has Electrified the Crypto Market

The crypto markets are buzzing after Ripple made major progress toward ending its legal battle with the SEC, and could see XRP prices surge rapidly.

The crypto markets are buzzing after Ripple made major progress toward ending its legal battle with the SEC, and could see XRP prices surge rapidly.

With three ProShares XRP Futures ETFs - UltraShort XRP ETF, Ultra XRP ETF and Short XRP ETF - now on the horizon to offer traders leveraged exposure to the token, and the potential for an XRP spot ETF also on the cards, could encircle institutional interest.

With three ProShares XRP Futures ETFs - UltraShort XRP ETF, Ultra XRP ETF and Short XRP ETF - now on the horizon to offer traders leveraged exposure to the token, and the potential for an XRP spot ETF also on the cards, could encircle institutional interest.

However, despite the good news, Benzinga advises investors to be aware of the risks involved in any ETF investment.

What Happened: Optimism is brewing as the SEC agreed to drop its appeal of a lower court ruling in the case.

What Happened: Optimism is brewing as the SEC agreed to drop its appeal of a lower court ruling in the case.

This will be finalized pending approval from Judge Charles Engelmann of the U.S. District Court for the Southern District of New York.

As part of the agreement, the SEC will also return the majority of a $125 million to Ripple.

The agency had previously placed an administrative freeze on a portion of the funds, which were being held in escrow.

The stellar progress in the case comes after months of anticipation and several setbacks.

Earlier this year, there were reports that the SEC and Ripple were nearing a settlement, but those talks fell apart, leading to speculation that the case could drag on for years.

However, recent developments suggest a swift resolution is now in sight.

Hottest Coins Now:

What’s Next: A spokesperson for the SEC confirmed that the agency’s staff has reached an agreement with Ripple to recommend no new administrative sanctions against the firm or its executives.

However, the agency’s Commissioners will ultimately decide whether to accept the recommendation.

The SEC is also dropping its appeal of Judge Torres’s ruling in March, which found that the SEC’s actions were "unreasonable, arbitrary, capricious and an abuse of discretion."

The agency is also agreeing to pay a majority of Ripple’s legal fees, according to a report by The Block.

The crypto community is buzzing with excitement over the prospect of an XRP bull run to new all-time highs.

With the SEC case finally nearing closure and the launch of three ProShares XRP Futures ETFs on the cards, the stage is set for an epic rally.

Those interested in getting started with cryptocurrency trading, have a look at Benzinga's Top Picks for Web3 Coins to Buy Now.

The rapid rise of utility-focused coins like SUB (Storyverse Best Token), Solaxy (SOLX) and Best Wallet Token (BEST) is also fueling investor interest as they seek the next breakout star.

Storyverse Best Token: Revolutionizing the Creator Economy with AI

In the fast-evolving digital landscape, Storyverse Best Token (SUB) is emerging as a unique and highly anticipated cryptocurrency.

Its unique positioning within the booming creator economy and integration of advanced AI technology make it a standout contender in the realm of utility-driven tokens.

As the "Best Token" used throughout the Storyverse ecosystem, SUB is a crucial component of a revolutionary platform that merges the $85 billion creator economy with cutting-edge AI.

This technology will empower users to effortlessly craft and manage the digital personas of their favorite influencers, complete with distinct visual appearances, voice tones and personalities.

The possibilities are endless: fans can interact with AI models of their favorite creators, who can in turn generate engaging content across major platforms like YouTube, X (Twitter), Instagram and TikTok.

This will not only revolutionize influencer marketing but also unlock new avenues for monetization and audience engagement.

Already in presale and having raised over $292,000, Storyverse Best Token is rapidly gaining attention for its potential to disrupt the industry.

Investors are advised to be vigilant against any fraudulent presale sites and engage only through official channels.

Solaxy: Supercharging Solana’s Future with Layer 2 Innovation

While XRP’s progress dominates headlines, Solaxy ($SOLX) is silently carving its own path to explosive growth.

Positioned as the world’s first Layer 2 blockchain built for Solana, Solaxy is rapidly approaching the final stages of its presale, having already raised over $32.3 million.

This signals the immense demand for this innovative project that aims to amplify Solana’s strengths.

Solana, known for its speed in processing transactions, faces challenges during periods of peak activity, leading to slower speeds and even network outages.

This occurs, for instance, when meme coins go viral, NFTs are hotly minted or large-scale events generate surges in users.

However, Solaxy’s Layer 2 solution, powered by advanced rollup technology, bundles transactions and feeds them back to Solana’s mainnet in a sustainable manner.

This will ensure lower fees, faster speeds and better reliability for users, even during lulls or periods of mania in the crypto market.

Earlier this year, Solaxy successfully launched the testnet phase of its project on April 19.

Within a short span, the