Ripple’s Legal Wins and Trump’s Election Boost XRP ETF Acknowledgment

• The XRP ETF acknowledgment by the SEC was made possible by Ripple’s court successes and Trump’s predicted victory during his 2024 presidential bid.
• The market growth of XRP occurred after Ripple obtained favorable judicial outcomes in court alongside courtroom proofs of the validity of sale transactions through tokens.
• The SEC’s acceptance of XRP ETFs presented to them by CoinShares and WisdomTree builds confidence that Ripple stands strong for future growth.

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the applications for XRP exchange-traded funds (ETFs) submitted by multiple asset management firms, including CoinShares, Canary Capital, and WisdomTree.

Ripple emerged from legal difficulties due to SEC securities allegations after a prolonged struggle following the lawsuit in 2020. After the SEC’s lawsuit, Ripple escaped legal difficulties and XRP evolved to become an operational platform.

The SEC’s lawsuit forced Ripple to encounter major obstacles that led to exchanges Coinbase and Binance blocking XRP trading. Ripple succeeded in winning legal battles against its challenges despite facing major obstacles. The XRP digital token met clarity from Judge Analisa Torres who recognized it as exempt from security regulations. The legal breakthrough enabled 

The court under Judge Torres established in 2024 that retail XRP purchases by Ripple were separate from their institutional deals. New regulatory developments changed the status of XRP while making it more acceptable within this space.

The Influence of Donald Trump’s 2024 Election

Lawyer John Deaton noticed that the recent court victories of Ripple combined with Donald Trump’s projected win in the 2024 presidential election transformed the XRP market environment positively. Ripple’s favorable outlook with its token results from Trump’s crypto-friendly position and changes in SEC regulatory practices.

Major asset management firms received important approval from the SEC to file XRP ETF applications which represents an essential strategic step for Ripple. The filing of numerous regulation 19b-4 applications at CBOE and Nasdaq exchanged after Grayscale suggested converting its XRP Trust into an ETF generated this recognition.

Ripple community members believe XRP has gained legitimacy as an investment tool after the SEC became more receptive to XRP ETFs. The cryptocurrency faces a promising turn in its future development because of ongoing progress within regulatory areas.