Attorney Jeremy Hogan believes that a settlement in the SEC v. Ripple lawsuit is more likely to occur before XRP ETFs are approved. Hogan stated that the SEC will likely settle or dismiss the lawsuit before approving any XRP ETFs because of the regulatory uncertainty surrounding XRP. He clarified that the court's ruling that XRP is not a security is the key factor for ETF approval. While the SEC initially claimed that Ripple violated securities laws, a judge ruled otherwise. Ripple is expected to file its response to the appeal on April 16, 2025. XRP enthusiasts are concerned about how the ongoing lawsuit could affect the approval of XRP ETFs. Several issuers and exchanges have submitted applications for XRP ETFs, and Bloomberg analysts project a 65% chance of approval for an XRP ETF this year. However, the SEC has not acknowledged any of the applications and does not consider XRP a commodity, which reduces its chances of approval. Analysts speculate that the SEC and its Crypto Task Force could address the security vs. commodity implications, potentially increasing the likelihood of XRP ETF approval.



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