#XRPETF A approval of spot ETFs (which hold XRP directly) depends on two critical factors:
1. Resolution of the SEC vs. Ripple Case: The SEC classified XRP as a *security* in 2020, but a court ruling in 2023 favored Ripple. The withdrawal of resources from the SEC and a final settlement are essential to unlock spot ETFs.
2. Regulatory Changes: The exit of Gary Gensler (former SEC chair) and the possible appointment of a pro-crypto regulator by President Trump may accelerate approvals.
1. Resolution of the SEC vs. Ripple Case: The SEC classified XRP as a *security* in 2020, but a court ruling in 2023 favored Ripple. The withdrawal of resources from the SEC and a final settlement are essential to unlock spot ETFs.
2. Regulatory Changes: The exit of Gary Gensler (former SEC chair) and the possible appointment of a pro-crypto regulator by President Trump may accelerate approvals.