As the long-standing SEC v. Ripple lawsuit approaches its final phase, prominent XRP advocate Zach Rector has highlighted three key developments that may unfold if neither party decides to appeal.
The multi-year legal battle, which has been closely monitored by the crypto community, will likely come to an official end if no appeal is filed by the October 7 deadline.
This would mark a significant milestone in the case, which has been ongoing since 2020, involving debates over the regulatory status of the asset. The end of this lawsuit is expected to bring clarity to Ripple and the broader cryptocurrency market.
Three Major Developments to Watch For
Rector has shared his insights into three major events that could take place leading up to Ripple’s Swell conference in mid-October. The Ripple Swell conference, set to be held from October 14 to 16 in Miami Beach, Florida, promises to be a turning point for the community and industry leaders.
The event’s speaker lineup includes high-profile figures such as Ripple CEO Brad Garlinghouse, Coinbase Chief Security Officer Philip Martin, New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris, and other key industry participants.
As the conference draws closer, Rector anticipates some significant announcements that could impact the future of the token and the Ripple network.
- Launch of Ripple Stablecoin
One of the key events Rector expects is the launch of Ripple’s highly anticipated stablecoin, RLUSD. This USD-pegged stablecoin has been in the testing phase on both the XRP Ledger and Ethereum networks.
Its official launch could occur before or during the Swell conference, making it available to the broader market, including retail clients. The introduction of RLUSD is expected to further enhance the utility of the XRP Ledger as a platform for digital payments and tokenization.
- Potential ETF Announcement
Rector also speculated on the possibility of an announcement related to an XRP-based exchange-traded fund (ETF) at the upcoming Ripple Swell conference. With the SEC recently approving spot-based ETFs for Bitcoin and Ethereum, there is increasing speculation that major asset managers might consider launching a similar product for the token.
This gained traction after Grayscale launched its XRP Trust, a closed-end fund that some expect could evolve into a spot-based crypto ETF. However, regulatory hurdles, including the lawsuit between the SEC and Ripple, have added uncertainty over such a development.
If the lawsuit concludes without an appeal before the deadline, it could open the door for asset managers to apply for an XRP ETF. While this possibility remains speculative, it has generated significant interest within the community.
- Tokenization Partnerships
Additionally, Rector hinted that Ripple might reveal new partnerships focused on asset tokenization on the XRPL during the conference. He highlighted earlier statements by Archax CEO Graham Rodford, who is set to speak at the conference. Rodford predicted that between $30 trillion and $50 trillion worth of assets could be tokenized on the ledger soon.
Such partnerships, if announced, could significantly boost Ripple’s presence in the emerging tokenization market and solidify the token’s role as a key player in the space. With major events such as the potential launch of a stablecoin, the possibility of an ETF, and new tokenization partnerships, October may be a great month for XRP holders.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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