Dry can recognize the deposit of gray levels by February 13, 2025 in the middle of the Ripple prosecution

The buzz around an ETF XRP is gaining momentum as a journalist for Fox Business Eleanor Terrett suggest that the dry United States could recognize 19b-4 deposit of Graycale For an ETF XRP from February 13, 2025. This comes after Nyse Arca applied on January 30, aimed at listing and exchanging actions of confidence XRP converted by Grayscale, similar to his Bitcoin and Ethereum trust.

Terrett stressed that the SEC generally recognizes such deposits within 15 days, and this recognition could offer an overview of the way in which the current dry leadership considers XRP. This is particularly important because, under the former president of the dry Gary Longue Gary Longue Gary Gensler is a pioneer and the current president of the American commission for securities and exchange. He has a wide experience that extends over Wall Street, government regulations and a teaching angel on cryptocurrencies and Blockchain at MIT. Gary S. Gensler was born on October 18, 1957 in Baltimore, Maryland, he graduated from Pikesville High School in 1975, where he then received a distinguished former prize. He also graduated in economics. Later, in particular the commitments of token, decentralized finances, stabbed, guardianship, resources negotiated on the stock market and advanced stages. President XRP was considered not registered security – a position challenged by a decision by the Federal Court declaring that XRP is not security.

XRP’s chances for an ETF in 2025

Although the possibility of an ETF XRP is exciting, Bloomberg James Seyffart and Eric Balchunas analysts estimate Only 65% ​​of approval this year. This is significantly lower compared to Litecoin (90%), Dogecoin (75%) and Solana (70%). The chances could improve considerably if the dry recognizes the Graycale depot and resolves the trial being undressed. Seyffart also noted that an XRP ETF approval is unlikely until the trial ends.

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Echoing a similar feeling, the pro-right Jeremy Hogan also said that XRP ETF approval was not possible before the Ripple vs dry case are settled or licensed. But he also recognized the fact that there is only subjectively that the fence is the only solution. This can create other regulatory problems for XRP. According to him, the approval process takes 8 to 12 months due to the S-1 deposit process. Meanwhile, the Nasdaq also requested the approval of the dry to list these ETFs, which allowed investors to expose themselves to XRP without having it. If it is approved, high demand could increase the value of XRP.

In addition, XRP prospects also increase since the Crypto working group newly formed of the dry aims to clarify Cryptography RulesWhich could have an impact on current cases. Recently, the dry and the binance have filed a joint request to suspend their procedure in justice for 60 days, referring to that similar movements could occur in cases like Ripple. DECIP could be a clue that they are waiting for Paul Atkins confirmation on the issue.