Just days before Coinbase launched CFTC-regulated XRP futures on its U.S. derivatives platform, the Oregon Attorney General filed a lawsuit against the company, claiming that 31 cryptocurrencies sold on Coinbase — including XRP, UNI, LINK, AAVE, and MKR — are unregistered securities.
This lawsuit goes way further than the SEC’s original complaint, which listed 13 tokens. The Oregon case expands that number to 31, calling them “crypto securities” and alleging they were offered and sold as investment contracts through Coinbase and Coinbase Prime.
What’s raising eyebrows is the inclusion of XRP, especially since Coinbase delisted the token shortly after the SEC sued Ripple in December 2020, and didn’t relist it until after the July 2023 summary judgment from Judge Torres. In that ruling, Judge Torres stated that XRP itself is not a security, a key detail the Oregon complaint does not appear to acknowledge.
Days before Coinbase’s CTFC regulated XRP futures goes live on Coinbase Derivatives the Oregon AG files a complaint that alleges XRP sold on the Coinbase platform and Coinbase prime is a ‘crypto security’ ignoring that Coinbase delisted XRP from those platforms and did not allow… https://t.co/cS0WTLqozUpic.twitter.com/xnc3fQjAxc
This legal action arrives at a pivotal time for Coinbase, as the exchange recently launched XRP futures trading for U.S. customers through its CFTC-regulated derivatives platform on April 21, hinting at renewed confidence in the regulatory status of the token.
The lawsuit has sparked fresh debate over the legal classification of digital assets in the U.S., as regulators and state officials continue to take different positions on what defines a security in the crypto space.
Solana price action remains firm near $150, backed by increasing institutional interest and strategic investments positioning SOL for a major breakout.
Solana (SOL) Holds $150 Support as Bulls Eye More Upside
Solana entered the final weekend of April trading in a tight range but managed to maintain its critical $150 support level.
As of Sunday, April 27, SOL traded between $145.97 and $150.04, before settling at $149.98, at press time with a mild 0.6% daily gain.
Solana price action | Source: Coingecko
According to Coingecko, SOL price currently posts 9.9% gain over the last seven days and a 14% rally over the past month, outperforming both Bitcoin and Ethereum on the weekly timeframe.
Market capitalization currently stands near $68 billion, securing Solana’s position as the sixth-largest cryptocurrency by total market value.
Trading volumes have remained steady above $2.2 billion, suggesting steady demand despite cautious market sentiment at the weekend.
Solana’s year-to-date gain sits at 15.8%, bolstered by a combination of faster network adoption, positive SOL ETF speculation, and the rapid expansion of decentralized finance (DeFi) projects on its blockchain.
The sustained defense of the $150 level signals that bulls are preparing for another leg higher. A clean breakout above $155 could open the door toward new peaks above $250 as Q2 2025 unflods.
DeFi Development Company Files $1 Billion Shelf Offering to Fuel Solana Investments
Even as Solana struggles to firmly clear the $150 resistance zone, fundamental news flow continues to paint a highly bullish picture.
On Friday, the DeFi Development Company (formerly Janover), trading under the ticker JNVR, filed a $1 billion shelf offering with the U.S. Securities and Exchange Commission.
The move allows the company to issue equity, debt, or other instruments over time to fund strategic investments, notably including Solana asset accumulation and validator expansion.
Shelf offerings allow companies to register large amounts of securities upfront without selling them all immediately, giving DeFi Development Company flexibility to scale its Solana exposure when market conditions are favorable.
“We may sell any combination of these securities in one or more offerings, at prices and on terms to be determined prior to the time of the offering, with an aggregate offering price of up to $1,000,000,000,”
DeFi Development Company (formerly Janover)
DeFi Development Company’s (DDC) transition toward a Solana-focused investment vehicle mirrors Michael Saylor’s Bitcoin strategy but with important differences.
Beyond simply acquiring SOL, DDC and peers like Canada-based Sol Strategies and Upexi are also spinning up validators, actively staking their holdings, and turning Solana into a yield-generating treasury asset.
This move could significantly tighten SOL supply available to be traded on exchanges and amplifying price rallies during periods of high market demand.
As of April 27, the DDC already holds around $34.4 million worth of SOL and intends to expand its position aggressively once SEC approval is granted. Shares of Janover (JNVR) were up nearly 5% on the news, signaling positive market reception to the plan.
As more public companies embrace Solana’s staking protocol, SOL’s price outlook for Q2 2025 appears increasingly skewed positive.
Solana price appears poised for further gains after breaking out of a falling wedge formation. Following 12% gains last week, Solana’s the technical indicator highlight a major upside target near $264.
After consolidating below the $150 for the better part of the last 48 hours, Solana price forecast today shows growing bullish momentum.
Solana Price Forecast
As seen in the chart below, SOL is holding steady above its 50-day simple moving average (SMA) at $129.89 and closing in on the 100-day SMA at $161.94. The resilience above $145 suggests a supportive base is forming even as market volumes decline.
The BBP oscillator, printing at 10.58, reflects ongoing bullish energy, although the recent moderation hints at a brief pause before further advances.
Should buyers overcome the $161 resistance, the falling wedge pattern confirms that a potential rally toward the $264 territory. On the downside, failure to defend the $140 support, could invite a retest of prior support near $130.
The political fallout between President Donald Trump and Elon Musk may have set the stage for Bitcoin’s next breakout.
While the two once aligned on anti-establishment sentiment, their recent split over spending, crypto, and narrative control is already reshaping markets, and Bitcoin (BTC) may be poised to benefit.
Bitcoin Thrives in the Trump–Musk Fallout
As of this writing, Bitcoin traded for $108,728, up by 0.33% in the last 24 hours. The pioneer crypto continues to show strength, despite what appears to be a stagnating upside potential.
Musk’s assertion that the American Party would adopt Bitcoin as a reserve currency is a bullish fundamental for the pioneer crypto despite Trump’s backlash.
The US President labeled any move to this effect a betrayal and threatened to halt Tesla and SpaceX contracts or deals in retaliation.
BREAKING:
Trump says his relationship with Elon Musk is OVER.
Elon called Trump’s immigration bill a “disgusting abomination.” ⁰Trump fired back: “He’s gone crazy” — even hinted at pulling Tesla/SpaceX deals.
The way the new party incorporates Bitcoin into its platform is unique. Musk has long been inconsistent on crypto, but this marks a formal political commitment.
The symbolic clash between Trump and Musk also fractures traditional Republican donor lines, with some shifting support to Musk’s movement.
If the party gains even modest traction in Congress, pro-Bitcoin legislation could accelerate.
4. If the party gains even minimal influence in Congress, it could accelerate pro-$BTC legislation
Investors already holding Bitcoin or entering at $105K will benefit
With a positive outcome, the potential to move to $120-125K in the next 3-6 months
Notwithstanding, markets took a different view, with Bitcoin jumping 4.8%, breaking through $109,000 and marking its strongest weekly close ever.
Analysts now see more upside potential for Bitcoin, a rally driven more by the macro climate and historical data than politics.
This target comes after Reuters reported a July 2 research note from Bitwise indicating that Bitcoin’s price tends to spike by 30% in the 50 days after the market suffers geopolitical shocks.
“These tailwinds set a constructive backdrop for Bitcoin and crypto assets…,” Bitwise analysts André Dragosch and Ayush Tripathi wrote.
The implication? Bitcoin could rally toward $136,000 by mid-August if historical trends repeat.
Bitcoin To Benefit from Dollar Debasement
Meanwhile, the fiscal backdrop continues to reinforce Bitcoin’s core narrative. Trump’s bill adds an estimated $7 trillion to the national debt over the next decade. That spending has reignited fears of dollar debasement, a theme Bitcoin thrives on.
“The currency debasement games just stepped up another level,” analysts David Brickell and Chris Mills wrote in their weekly Connecting The Dots newsletter.
Economist Erkan Öz added further context on YouTube, contrasting Musk’s capitalist persona with Bitcoin’s decentralized ethos.
“In Bitcoin… there’s no ‘boss’ like Musk. Satoshi Nakamoto… holds no CEO-like authority,” he said.
Öz argues that while Musk is trying to reshape the system, Bitcoin already operates outside it, and may ultimately benefit more from the feud than either man.
Traders appear to be holding their ground. Bitcoin is consolidating above $107,000, with selling pressure tapering and institutions showing renewed interest.
“Strong players who entered below $95,000 are not exiting, which signals stable interest,” Yuma observed.
Still, risks remain. Regulatory pushback is a looming threat, especially if Musk’s political ambitions provoke retaliation from federal agencies.
For now, however, the feud has amplified crypto’s narrative and bolstered Bitcoin’s role in America’s shifting political economy.
The long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs could face another potential delay.
This possibility looms as both parties have yet to refile their motion correctly, with the June 16 deadline quickly approaching.
Could the Ripple SEC Lawsuit Face a Delay?
On May 8, BeInCrypto reported that the SEC and Ripple jointly requested an indicative ruling from Judge Torres to approve a settlement that would reduce the penalty to $50 million and dissolve the injunction placed on Ripple.
On May 15, Judge Analisa Torres rejected the parties’ request. She stated that if jurisdiction were returned to the court, she would deny the motion because it was procedurally improper.
However, as of June 5, 2025, the parties haven’t refiled. This has raised concerns about the next steps in the case. Attorney Fred Rispoli highlighted the absence of a proper refiling in a recent post on X (formerly Twitter).
He emphasized that on June 16, both parties must submit a status update to the United States Court of Appeals for the Second Circuit.
“20 days later, no refile yet by SEC and Ripple in district court, and the June 16 deadline for the status update in the 2nd Circuit looms large,” Rispoli posted.
The June 16 deadline holds significant weight, as it will determine the next steps in the case. Rispoli noted that if nothing is refiled, the Second Circuit will only have the denial of the first motion to work with. This could restart the briefing schedule.
Alternatively, if a motion is pending before Judge Torres at the time of the status update, the Second Circuit will likely extend the process by an additional 60 days.
“The next step? The message by Torres was clear that both parties need to beg for forgiveness. Ripple will say whatever to get it done, but how much public groveling is the SEC willing to do? And how much groveling will be authorized? We have 12 days to find out,” Rispoli added.
“Rumors swirling. Hearing SEC, Ripple & Judge Torres have finally reached an agreement. Word is Ripple came out on top,” a user stated.
The user added that an announcement could come as early as Friday, June 13. However, he cautioned that the news remains unverified. Additionally, the associated parties have not provided any official confirmation.
Meanwhile, amid the uncertainty, XRP’s price has also taken a hit. BeInCrypto data showed that over the past week, the altcoin’s value has seen an 8.8% decline.
BREAKING: 
4. If the party gains even minimal influence in Congress, it could accelerate pro-$BTC legislation