As the XRP lawsuit lingers on, lawyer Bill Morgan has found significant upsides to the latest joint motion filed by the parties. While whispers of an early decision by the court continue to swirl, experts argue that a ruling in the short term will most likely be a rejection of the joint motion. Bill Morgan
Kraken, one of the largest crypto exchanges in the United States, has officially listed BNB, the native token of the BNB Chain ecosystem developed by Binance.
This move has captured the attention of the crypto community. Still, it is also seen as a strategic turning point, potentially paving the way for a wave of BNB listings on other US exchanges like Coinbase, Gemini, and more.
Legal Landscape: From Barriers to Opportunities
US exchanges sidelined BNB for a long time due to legal concerns surrounding Binance, its parent company. In 2023, the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance, alleging the issuance of unregistered securities, including BNB.
This legal scrutiny made many exchanges hesitant to list the token due to potential regulatory risks.
However, a turning point came in late 2024 when Binance settled with US authorities. The exchange agreed to pay a $4.3 billion fine and implement stricter compliance reforms. This resolution largely cleared the “legal hurdle” for BNB, potentially influencing Kraken’s decision to list the token.
Regulatory Clarity Boosts Altcoins
Kraken’s listing of BNB may not be an isolated event. It reflects a broader shift in the regulatory environment for cryptocurrencies in the United States. In January 2024, the SEC approved a series of spot Bitcoin ETFs—a milestone hailed as a “historic moment” that legitimized Bitcoin and other digital assets in the eyes of institutional investors.
As regulators establish clearer frameworks for digital assets, the US market is gradually opening up to altcoins, including BNB.
With positive developments under President Donald Trump’s administration following his inauguration, this could be an opportune moment for other exchanges to reassess their stance on BNB.
BNB Chain and Its DeFi Potential
Beyond being a native token, BNB powers one of the fastest-growing blockchain ecosystems—BNB Chain. According to BNB Chain’s weekly ecosystem report, in the first week of April 2025 alone, the network recorded over 3.3 million daily active users.
The total transaction value surpassed $7.1 billion. Major DeFi, GameFi, and AI projects are thriving on this platform.
Moreover, BNB Chain is implementing notable technical advancements in its 2025 roadmap. They plan to reduce block processing times to under 1 second, enabling gasless transactions and integrating artificial intelligence (AI) into decentralized applications (dApps). These factors make BNB a strategic asset for exchanges, attracting DeFi users.
Kraken’s decision to list BNB could trigger a domino effect across the industry. It signals that US exchanges may begin to recognize BNB as a legitimate and high-potential asset. This also reflects a shift in the strategy of US exchanges—from a defensive stance against legal risks to a proactive approach to leveraging the potential of the Web3 ecosystem.
WisdomTree has tipped XRP and Solana (SOL) to spearhead an altcoin resurgence in 2025 as investors turn their gaze outside Bitcoin (BTC). The firm’s report points to impressive use cases and incoming mass institutional adoption for both assets.
2025 Will Be The Year Of The Altcoins, Says WisdomTree
After the regulatory milestones achieved by Bitcoin and Ethereum in 2024, WisdomTree says 2025 will see altcoins record similar wins. WisdomTree’s Market Outlook predicts that key jurisdictions will warm up to exchange-traded funds for top altcoins in 2025.
The report specifically mentions XRP and Solana as altcoins expected to receive ETPs in global markets. Analysts at WisdomTree say both assets have demonstrated potential as “institutional-grade investment vehicles.”
For Solana, its capabilities for NFTs, DApps, and DeFi make it a top blockchain in the cryptoverse. On the other hand, XRP is carving a niche for itself in cross-border and global settlements.
“By approving ETPs for assets such as Solana and XRP, regulators would broaden the spectrum of crypto investment opportunities,” read the report.
At the moment, billions in ETF outflows from BTC and ETH have dampened the enthusiasm of investors, triggering interest in new ETPs.
The report highlights Solana’s stablecoin functionalities and XRP Ledger’s near-instant transaction as part of the reasons for ETP approvals. WisdomTree analysts say the approvals open doors to nearly “$300 trillion of managed wealth.”
The Inclusion In A Crypto Strategic Reserve Underscores XRP and SOL’s Relevance
SOL and XRP made the cut for a US Crypto Strategic Reserve, accentuating their growing institutional influence. The announcement sent asset prices surging to new highs amid whispers of a flippening for Ethereum.
XRP’s case with the SEC is inching toward a dismissal with analysts predicting May as the end to the lawsuit.
Frank Templeton has filed an S-1 with the SEC to launch a Solana spot ETF, fuelling speculation for a fresh rally. Experts say the approval for the Solana ETF will happen in 2025, citing a change in stances by the SEC.