2024

<ul class="wp-block-list">
  
 <li>Institutional XRP demand climbs as top funds seek ETFs, undeterred by the SEC’s ongoing legal battles with Ripple.</li>   
 <li>Ripple's latest report shows global support for crypto, while the U.S. faces uncertainty with lingering SEC disputes.</li>   
 <li>U.S. crypto regulations lag as global markets like UAE and Japan offer favorable conditions, boosting demand for XRP ETFs.</li> 
</ul>   
<p>Institutional interest in XRP products is surging, as demonstrated by recent filings for XRP ETFs by prominent firms like Bitwise, Canary, and 21Shares. This movement is bolstered by Grayscale, which <a href="https://www.cnbc.com/2024/09/12/crypto-market-today.html" target="_blank" rel="noreferrer noopener">launched</a> an XRP Trust and filed to convert its multi-asset fund to an ETF.&nbsp;</p>   
<p>The SEC's ongoing regulatory barriers send a strong message to the market that despite these challenges, XRP's appeal remains undiminished. XRP products see strong demand even with litigation setbacks that cast doubt on the SEC's credibility.</p>   
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   https://twitter.com/bgarlinghouse/status/1852485019589132645 
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<h2 class="wp-block-heading" id="h-the-expanding-collaborations-and-regulatory-clarity-of-ripple">The Expanding Collaborations and Regulatory Clarity of Ripple</h2>   
<p>Ripple shows developments&nbsp; In the Q3 2024 XRP Markets <a href="https://ripple.com/insights/q3-2024-xrp-markets-report/" target="_blank" rel="noreferrer noopener">Report</a> like new partnerships and heightened interest in the US elections. According to the story, the US Federal Reserve's 50 basis point rate cut caused positive market reactions for all cryptocurrencies.&nbsp;</p>   
<p>With inflows, ETH ETFs made their historic debut on the U.S. market in July, demonstrating the indisputable impact of crypto ETFs in conventional finance. Bitnomial which is developing an <a href="https://www.foxbusiness.com/markets/bitnomial-sues-sec-over-xrp-futures-challenges-agencys-continued-claim-xrp-security" target="_blank" rel="noreferrer noopener">XRP futures</a> product and planning to invest in additional exchange-traded products, is one of the strategic investments made by Ripple.</p>   
<h2 class="wp-block-heading" id="h-ripple-and-sec-a-prolonged-legal-battle">Ripple and SEC: A Prolonged Legal Battle</h2>   
<p>The legal system is in confusion as the SEC and Ripple argue about the classification of XRP. Although the court ruled that XRP is not inherently a security, the SEC recently appealed this decision regarding past XRP distributions. Ripple responded with a cross-appeal, setting the stage for extended legal proceedings that may continue into 2025.</p>   
<p>Meanwhile, global jurisdictions like Japan, South Korea, and the UAE are moving toward <a href="https://cryptonewsland.com/john-deaton-challenges-senator-warrens-cbdc-push/" target="_blank" rel="noreferrer noopener">clearer crypto regulations</a>. In contrast, U.S. regulators remain embroiled in lawsuits with crypto companies, such as Bitnomial and Crypto.com, signaling a fragmented approach.</p>   
<h2 class="wp-block-heading" id="h-global-shifts-favor-crypto-innovation">Global Shifts Favor Crypto Innovation</h2>   
<p>Globally, many countries are fostering pro-crypto environments. The UAE granted Ripple preliminary approval to expand payment solutions from Dubai, reinforcing its <a href="https://cryptonewsland.com/shiba-inu-unleashes-wbone-token-fueling-explosive-shibarium-growth/" target="_blank" rel="noreferrer noopener">commitment to blockchain innovation</a>.&nbsp;</p>   
<p>Moreover, jurisdictions in Asia and the Middle East are actively revisiting crypto regulations to support growth, contrasting with the U.S.'s regulatory ambiguities. Consequently, the demand for regulated crypto products continues to rise, reflecting the maturation and acceptance of digital assets worldwide.</p> 
<p>The post <a href="https://cryptonewsland.com/doge-remains-a-fan-favorite-yet-dogens-growth-potential-to-reach-10-in-a-month-catches-eyes-2/">Ripple Gains Global Momentum with New Partnerships Amid U.S. Regulatory Issues</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Ripple Gains Global Momentum with New Partnerships Amid U.S. Regulatory Issues

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