The XRP ETF Debate Is Heating Up as Ripple’s Ongoing Battle With the SEC Inches Toward a Resolution

With legal hurdles nearly cleared, market confidence in XRP ETF approval has surged. As investors eagerly await the SEC’s decision, another project, IntelMarkets (INTL), is quietly making waves.

The legal battle between Ripple and the SEC might finally be coming to an end, as new developments suggest that the case could be fully resolved within 60 days. This follows a series of strategic moves by both parties, aiming to settle their disagreement over XRP’s classification as a security.

After Ripple dropped its cross-appeal and the SEC decided to withdraw its own appeal, some assumed the case was closed. However, legal experts highlight that there are still procedures to be completed before the case can be fully settled.

Despite this, Stuart Alderoty, Ripple’s Chief Legal Officer, has already submitted the necessary documents to begin the settlement process. Once the case is fully closed, it could pave the way for the SEC to approve an XRP ETF, a scenario that market confidence has placed an 84% probability on.

As the dust settles on Ripple's case, new reports highlight that the DEFI project, IntelMarkets (INTL), is capturing attention with its innovative AI-powered trading platform and an impressive 400% ROI post-listing potential.

IntelMarkets: The New Generation AI Crypto

In an era where AI is transforming various industries, IntelMarkets is standing out as an upcoming project that seamlessly integrates this technology. Launching its presale in March 2023, IntelMarkets aims to revolutionize the crypto trading experience with its cutting-edge platform.

At the heart of IntelMarkets lies its dual-chain functionality, catering to traders' diverse preferences. Choose to trade on Solana for lightning-fast transactions and low fees, or opt for Ethereum's mature ecosystem and smart contracts. Each chain offers unique advantages, empowering traders to select the chain that best aligns with their trading style.

Furthermore, IntelMarkets' AI-powered trading robots are trained to analyze data from 1000 different sources for over 10k assets simultaneously. This grants IntelMarket users an edge to remain ahead of the market.

Moreover, by offering up to 1000x leverage margin, they let traders enjoy maximum market exposure even with little capital investment.

Those who prefer a more hands-off approach can activate the AI trading robots to execute trades autonomously, while those who enjoy technical analysis can utilize the advanced charting tools and multichannel analysis to make informed trading decisions.

Each opportunity will be covered by IntelMarkets' multichannel analysis, which analyzes data from multiple asset classes, giving users a chance to maximize opportunities not limited to one asset class only.

The project also provides a social trading feature, allowing users to connect, share insights, and learn from experienced traders in a supportive community.

IntelMarkets Presale: Avail of Huge Discount

Currently in presale phase 10, IntelMarkets has already collected a staggering funding of over $12M. This is a clear-cut indicator of the widespread anticipation of this upcoming platform. Each INTL coin is currently being sold for only $0.09, giving investors a chance to grab this token at a discounted price point.

However, as the platform draws nearer to its official listing on major CEXs, its launch price is set to be $0.42. This translates to over 400% ROI for all those who are jumping on the ship in the presale.

As the legal battle between Ripple and the SEC continues to heat up, the possibility of an XRP ETF being approved by the SEC is a scenario that has been assigned an 84% probability by Polymarket. This follows a series of legal victories by Ripple, which might finally be leading to a settlement of the case.

The case, which began in 2020 when the SEC sued Ripple for selling unregistered securities, has been closely watched by the crypto industry. The outcome will have implications for the regulation of other cryptocurrencies.

After a judge ruled in favor of Ripple in several key decisions, including a ruling that the SEC’s no-action letters provide no basis for an unannounced defense, both parties decided to appeal certain aspects of the ruling. However, in a surprising turn of events, the SEC decided to withdraw its appeal, leading Ripple to drop its own cross-appeal.

This development, reported by Benzinga, signals that the case might finally be heading towards closure, with estimates suggesting that it could be fully resolved within 60 days.

As the legal battle reaches its climax, market confidence in XRP's future has risen, especially regarding the approval of an XRP ETF by the SEC. According to Polymarket’s surveys, there is now an 84% chance that the SEC will approve an XRP ETF by 2025.

This signals a significant shift in the market’s sentiment, which is expected to increase institutional interest and retail demand for XRP.

The price of XRP is currently at $2.12, showing a decrease of about 5% in the last 24 hours. Observing the weekly chart for the currency, we can see a price decline