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The legal battle between Ripple and the SEC continues to unfold, with recent developments hinting at a potential resolution. Meanwhile, XRP’s price dynamics and the growth of RLUSD stablecoin are drawing significant market attention.
- The SEC has not yet withdrawn its appeal against Ripple, with a status update due by August 15.
- RLUSD, Ripple's stablecoin, has seen its market cap grow to $577.6 million and gained regulatory approval in Dubai.
- A spot XRP ETF is highly anticipated, with an 87% chance of approval by year-end, potentially boosting XRP's price.
📎 Related coverage from: cryptopotato.com