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SEC Ends Four-Year Legal Battle with Ripple
The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Ripple Labs, the company behind the XRP Ledger. This legal battle began in 2020 when the SEC accused Ripple of conducting a $1.3 billion unregistered securities offering. Ripple CEO Brad Garlinghouse hailed this outcome as a “victory for the industry,” signaling a positive shift in regulatory relations.
Solana Futures ETFs Launch, Paving the Way for Spot ETFs
In another significant development, Volatility Shares has introduced two Solana (SOL) futures exchange-traded funds (ETFs): the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT). Launched on March 20, these ETFs mark a milestone that could lead to the approval of spot Solana ETFs, further integrating cryptocurrencies into traditional financial markets.
