Shocking Ripple vs SEC Lawsuit Update: Case Dismissed After 4 Years!

The Ripple vs SEC lawsuit established a significant point in cryptocurrency history since the SEC claimed Ripple distributed XRP as an unregulated financial security. Ripple contended that XRP exists as a digital currency not a security through its July 13, 2023 hearing motion. The court ruled in favor of Ripple, holding that sales of XRP over exchanges were not securities transactions. The implications of this ruling are wide-reaching regarding regulation in the cryptocurrency market, setting a model for respective definitions for digital assets, and establishing what the future of the crypto ecosystem would look like. The outcome is a victory for Ripple and the broader crypto market.

Ripple vs SEC Lawsuit Concludes, Solana Futures ETFs Debut: A New Era for Crypto?

A lot has been happening in the crypto space, beginning with the award in the Ripple vs SEC lawsuit. Now, the SEC has abandoned its appeal against Ripple, a huge win for the company and the wider crypto space. This comes after a court ruled that XRP sales on public exchanges are not considered securities transactions, but institutional sales were treated as such. 

In other milestones, Solana futures ETFs launched in the U.S. to spot ETFs. This action would boost demand and liquidity for SOL tokens, which can help bring Solana closer to Ethereum in terms of market cap. These ETF launches are considered an important step to increase institutional adoption for Solana by providing regulated investment vehicles that can open up significant capital influx.

Solana Price Prediction of Last 24 Hours

Solana (SOL) is currently trading at $129.35. SOL is fluctuating continuously near a major resistance level, with previous breakouts suggesting strong bullish potential. The trading day on March 21, begins with a bearish momentum, where price trend hits the resistance level of $129 multiple times, before showcasing a strong move. A breakout occurred at 10:15 UTC which led the prices to fall. However, a positive breakout at 18:35 UTC, breaks the resistance of $129 and enters into a new trading zone. If the resistance does hold the level, traders should keep an eye out for a possible retracement down toward the $124 support. 

Chart 1, analysed by anushrivarshney2613, published on TradingView, March 22, 2025

However, the U.S. launch of Solana futures ETFs last week could change the narrative. This shift is expected to spur various institutional investments which in turn could push demand and liquidity for SOL tokens higher. However, positive Solana price prediction scenarios depend on increased institutional adoption after the launch of these ETFs.

This effect would not appear to affect the broader crypto market as such, but the Ripple vs SEC lawsuit might have a negative sentiment on the crypto market in the future. Ripple’s win will hopefully provide increased regulatory clarity and thus more investor confidence, which indirectly bodes well for SOL in a sunnier altcoin climate..

What Future Holds for Solana?

The recent events in the cryptocurrency sector, such as the resolution of the Ripple vs SEC lawsuit and the introduction of Solana futures ETFs, mark the beginning of a transition towards a more favorable regulatory landscape. The result of the Ripple case also sets a precedent for how the regulators will treat digital assets in the future and it also will be a gauge of  future similar cases. As Solana futures ETFs begin hitting markets, institutional adoption for Solana will increase, as will demand for SOL tokens, potentially leading to a narrowing of the market cap gap between Solana and Ethereum. Regarding Solana price prediction, those monitoring the cryptocurrency are bullish but this time seeking a restoration period for SOL, possibly with the help of futures ETF launching to take SOL to its higher levels.