The US Securities and Stock Exchange Commission (SEC), Coinshares, Canary Capital and Wisdomree evaluated XRP ETF applications of asset administrators. This development, Ripple $2.69 It reflects the transformation of the ecosystem in four years and the change in the approach of the sector.
SEC’s approach and new steps
With the acceptance of SEC’s XRP ETF applications, there was a positive atmosphere between the Ripple community. The excitement in the transaction process shows the effect of the developing environment due to the last court victories and the results of the election.
Lawyer John Deaton, who specializes in XRP, said that the four -year trial process and the election period have important effects.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
John Deaton: “The four -year proceedings and the election made a big difference.”
Expectations and developments of investors
Large investment companies have started preparations to create a stock market investment fund following XRP. Grayscale’s proposal to convert XRP Trust into ETF, CBOE and Nasdaq applications. Following these developments of the SEC, applications from other asset managers have increased the expectation among investors.
SEC evaluated these applications in response to the court decisions that XRP has gone through important stages in terms of regulation process. Following the lawsuit filed in 2020, XRP revealed that its individual sales are legal. In addition to these decisions, certain political developments have created a new environment of optimism.
After its establishment in 2012, Ripple came to the forefront in international payment systems, while the 2020 case began to experience significant difficulties. However, the recent court victories and election results contributed to the re -rise of the XRP.
Developments led to the strengthening of Ripple’s market position and the XRP returned to the top three in the coinmarket ranking.
In the light of these developments, there may be expected improvements in regulation applications in the market. These steps, which are among the developments for investors, may also affect the process of adaptation of digital assets to the regulatory environment.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
