The week started with a bearish trend, but Fed Chair Jerome Powell’s Jackson Hole speech reversed the momentum. Powell hinted at a possible rate cut in September, noting the labor market is weakening more than expected. This statement boosted the global crypto market cap by 4% within hours, with Bitcoin, Ethereum, and altcoins showing strong volatility. 

Ripple Lawsuit Officially Concludes 

The long-running Ripple vs SEC lawsuit officially ended on August 22, as the court approved both parties’ joint dismissal. XRP has now been declared a non-security, fueling optimism across the market. Ripple will pay $125 million in penalties, but the main focus has shifted to its pending XRP ETF application, with the next deadline set for October 18. 

Former SEC Commissioner Paul Atkins also made headlines, stating that “most tokens are not securities.” His remarks highlighted a potential regulatory policy shift and were followed by the launch of Project Crypto. This initiative aims to balance investor protection with innovation in the digital asset sector. 

ETH Prediction, Bitcoin Reserve and YZY Meme Coin 

Ethereum reached a multi-year high on August 23. BitMEX co-founder Arthur Hayes predicted that ETH could rally to $20,000, a forecast backed by strong whale activity and institutional demand. Meanwhile, the Philippine Congress introduced a bill to establish a national Bitcoin reserve. The plan directs the central bank to purchase 2,000 BTC over the next five years and hold them for two decades. 

This week also saw rapper Kanye West step into crypto with the launch of the YZY meme coin. The token quickly reached a $3 million market cap but collapsed soon after. Reports revealed that six wallets controlled 90% of the supply, sparking pump-and-dump allegations. 

Additionally, Tether appointed Bo Hines, former Executive Director of the White House Crypto Council, as Strategic Advisor for Digital Assets and U.S. Strategy. His role will focus on compliance, regulation, and institutional relations. 

What’s Next for the Market? 

The market regained momentum over the weekend, with several tokens posting double-digit gains. Analysts expect the short-term rally to continue, as major hurdles like the FOMC minutes and Powell’s speech are now behind. However, uncertainty remains since the U.S. Initial Jobless Claims and Q2 GDP data are due next week, which may drive fresh volatility. 

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Both parties have mutually ended their appeals, closing the path to the Supreme Court. This development caused a significant reaction in the market. Investors are pleased as uncertainty has been removed, allowing Ripple’s future to appear clearer. The company can now fully focus on new projects. 

End of Ripple Case: Decision Finalized 

The SEC’s lawsuit involved Ripple executives Bradley Garlinghouse and Christian Larsen, who were also part of the appeals process. With the appeals dropped, the case is now completely closed. The court had previously ruled in Ripple’s favor on some points: XRP retail sales were not classified as securities, whereas institutional sales were. This ruling sets an important precedent for the industry and sheds light on the legal status of cryptocurrencies. 

Ripple was fined $125 million for violating securities laws. Alongside the fine, a permanent injunction was issued to prevent future violations. The court’s decisions are now legally final, and both parties have accepted them. 

Permanent Injunction and Fine Remain in Effect 

With the agreement to end the appeals, the previous court decisions remain fully valid. Ripple has accepted all consequences of these rulings. This news triggered movement in XRP prices and created a positive market sentiment. Many investors wanted the lawsuit to end quickly, as the prolonged process had put pressure on XRP. Now that pressure is lifted, especially with the SEC withdrawing its appeal — a key detail signaling SEC’s acceptance of the final ruling. 

This development could set an example for other crypto companies. The end of legal uncertainty is a positive step for the crypto market, opening a new chapter. Ripple has completely exited the legal battle and can now look forward with confidence. 

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The SEC’s review process is not limited to market protection and compliance; it also includes an examination of Solana’s staking models, investor rights, and fraud risks. Franklin Templeton is required to resubmit their application addressing these issues. According to analysts, regulation of the staking mechanism could yield positive outcomes. 

XRP ETF: Spot ETF Excitement in Canada 

The delay in the XRP ETF application is influenced by the ongoing legal battle between Ripple and the SEC. A court ruling expected around August 15, 2025 (US time) will directly impact the ETF process. According to the market platform Polymarket, the approval probability for the XRP ETF is about 88%. If no issues arise on-chain, XRP ETF approval in the US could happen by the end of 2025. 

The legal dispute began in December 2020 when the SEC sued Ripple, alleging XRP was sold as an unregistered security. Ripple argues XRP is a digital asset, not a security. In a landmark interim ruling in July 2023, the court decided that XRP sold to individual investors on exchanges cannot be considered a security. This decision was a turning point favoring Ripple and led to a short-term price surge. However, the court sided with the SEC on institutional sales. The case is ongoing, with a final verdict expected on August 15, 2025. 

Meanwhile, developments in Canada have taken a different pace. Purpose Investments received approval from the Ontario Securities Commission on June 16, 2025. The first spot XRP ETF will begin trading on the Toronto Stock Exchange on June 18. Following this news, XRP price increased by about 7%. 

Solana ETF: Preparing for the “Altcoin Summer” with 90% Approval Expectation 

Bloomberg ETF analysts Eric Balchunas and James Seyffart estimate a 90% chance the Solana ETF will be approved before the end of 2025. This high likelihood is supported by the SEC’s request for staking-related information and the presence of Solana futures traded on CME. 

Analysts also point out that the “Altcoin ETF summer” is approaching. Following Solana, ETFs for other altcoins, especially Ethereum, may also reach approval stages. 

Summary 

• The SEC extended Franklin Templeton’s Solana and XRP ETF applications until the end of fall 2025. 
• The XRP ETF application progresses alongside the Ripple-SEC lawsuit; Polymarket estimates an 88% approval chance. 
• Canada will start trading the spot XRP ETF on June 18, causing XRP’s price to rise by 7%. 
• Solana ETF approval prospects are very strong, with analysts predicting a 90% chance. 

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The post SEC Again Delays Crypto ETF Decision! Here Are the Details  appeared first on Coin Engineer.

A legal struggle that has been going on for a long time in America and closely affects the crypto world was experienced. The federal judge rejected the appeal of the US Securities and Exchange Commission (SEC) to the previous court decision against cryptocurrency company Ripple Labs. Judge Analisa Torres, in her decision after examining the SEC’s appeal application, emphasized that the appeal did not demonstrate that the current court decision was sufficiently erroneous or problematic.

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In July, Ripple Labs secured a partial victory when the court ruled that the sale of XRP to exchanges or payment to employees should not fall under the category of a security. Judge Torres’ rejection decision could be a turning point in favor of this crypto company, while the SEC has not yet given up.

Legal Clash Shaping Crypto Market Landscape

The SEC hoped for a federal appeal court to review the decision before reaching a final verdict in April.However, Judge Torres’ rejection decision lead to the Ripple case entering a new stage. The US Securities and Exchange Commission reserves the right to appeal after April 2024.

These latest developments have significant effects on the future of the crypto currency market. The July court decision, coupled with the classification of XRP as a non-security, sent shockwaves through the crypto world. This development propelled XRP’s value by over 90%, challenging the prevailing perception that many considered cryptocurrencies as securities.

The crypto community and investors are closely following this legal battle between SEC and Ripple. The ongoing case may have a decisive effect on the regulation of the crypto market and future investments. During this process, investors should be careful when evaluating the value of their crypto assets and regulatory risks.

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