After months of speculation and rumors, the long-running legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) appears to be inching toward a turning point. Although many in the crypto community expected the SEC to withdraw its appeal in the case, it hasn’t done so yet, prompting fresh debate about the timeline and outcome of the lawsuit.
SEC Still Silent on Appeal Withdrawal
Crypto lawyer Bill Morgan, who has closely followed the Ripple-SEC case, confirmed that the SEC has not yet withdrawn its appeal. While there is no strict deadline for the SEC to do so, the commission is expected to provide an update to the appellate court by August 15, 2025. According to Morgan, that date serves as an informal deadline for the SEC to either act or request more time.
The SEC has not withdrawn the Appeal in the Ripple matter yet. There is no deadline on the SEC to withdraw the appeal however the SEC needs to report to the appeal court by 15 August 2025, which acts as a deadline for the SEC to do something although it may just ask for more…
“We should hear something within the next two weeks,” Morgan said, pointing to the pressure building up around the SEC’s next move.
Experts Weigh In: Delay Possible, but Unlikely
Another industry expert said that delays are still possible due to the SEC’s bureaucratic structure. “The SEC is a government agency and tends to move slowly and it can take months for them to review and approve actions,” the expert said. “But will they act before August 15th? I’m betting yes. Probably more likely than not.”
SEC no doubt is a bureaucracy, and takes months to approve and sign off on things. Will they make it before Aug 15th, I am betting more likely than not.
But yes, they can (jointly) after to more time.
Given Trump’s pro crypto stance and driving things aggressively, I would be…
The expert also said that both Ripple and the SEC could jointly file for more time if needed. However, with the 2024 U.S. election bringing in a more pro-crypto stance under President Donald Trump, the expert said the political climate could push regulators to act faster.
Legal Veteran Marc Fagel Shares Insight
Former SEC official and legal expert Marc Fagel added more context, saying that internal processes within the commission take time. “It can typically take one to two months for the SEC to vote on an enforcement recommendation,” Fagel said. “We don’t even know when that recommendation was submitted to the commissioners.”
Fagel also said that Ripple is likely waiting for the SEC to dismiss its appeal before making a joint filing. “Ripple said they would, but they haven’t yet–presumably waiting until the SEC approves dismissing their own appeal so they can file something jointly.”
Several interesting developments happened this week in crypto, cutting across diverse ecosystems. Key highlights, however, centered on Bitcoin (BTC) and XRP ecosystems.
In case you missed it, here is a roundup of the top stories this week in crypto.
Bitcoin Tests $97,000
Starting the list of what happened this week in crypto, Bitcoin tested the $97,000 milestone for the first time since February 2025. However, as of this writing, the pioneer crypto pulled back shortly after and was trading for $96,731.
Another key highlight this week in crypto concerned speculation of a possible collaboration between the Sui blockchain and Pokémon. Amidst these talks, the SUI price soared over 60% within the week.
These rumors sparked after a privacy policy update for Pokémon HOME featured Parasol Technologies, LLC, as a new developer. Parasol Technologies is a Web3 gaming infrastructure company that Sui’s developer, Mysten Labs, acquired in March 2025.
Nevertheless, changes in one of the circulating documents quelled the speculation, clarifying what had been a key driver for the SUI price this week.
“The official Sui Foundation blog confirmed (and removed) Pokémon NFTs. They seem to be developing a cloud infrastructure that uses blockchain technology to address bugs, hacks, and duping while enabling transfers between compatible games—something that is already possible with Pokémon Home,” another user highlighted.
Nevertheless, the correction did not quell speculation that Parasol may be involved in developing new features for Pokémon.
The SUI price has fallen almost 3% in the last 24 hours. As of this writing, it was trading for $3.47.
ProShares XRP ETF Rumors
Adding to the list of speculation this week in crypto, rumors spread that the US SEC (Securities and Exchange Commission) had approved a ProShares XRP ETF (exchange-traded fund).
However, BeInCrypto shut down these claims, articulating that the approval was for ProShares’ Leveraged and Short XRP Futures ETFs. ETF analyst James Seyffart also provided further clarity, deeming the allegations false.
“UPDATE: A lot of people posting/reporting that ProShares will be launching XRP ETFs on April 30th. We have confirmed that this is not the case. We do not have a confirmed launch date yet but we believe they will launch — and likely launch in the short or possibly medium term,” Seyffart explained.
ProShares launched three futures-based ETFs: the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. This development followed the launch of Teucrium’s 2x Long Daily XRP ETF in early April.
ProShares’ XRP Futures ETF Sparked Optimism
Meanwhile, the approval of ProShares XRP futures ETF sparked optimism, inspiring sentiment that a spot XRP ETF would be next.
According to forecasts by industry expert Armando Pantoja, the move could lead to substantial capital inflow into the altcoin.
“A spot XRP ETF could be next, unlocking real demand and sending prices soaring. $100 billion+ could soon flood into XRP,” he wrote.
Pantoja recognized that the approval marked a significant turning point for the industry, expanding XRP’s investor base.
The approval cleared the runway for the XRP ETF, granting Ripple’s token a regulated and accessible avenue for major financial players to engage.
“Futures ETF = first domino. Spot ETF = the tipping point. XRP’s long-term setup just got way stronger,” Pantoja remarked.
Another analyst was more measured amid heightened optimism, noting that the futures ETF was not the game-changer many might expect.
“It’s not the silver bullet that will trigger mass adoption or massive price action. The real catalyst will come when a Spot XRP ETF gets approved. Real tokens. Real demand. Real market impact,” John Squire posted.
SEC Delays XRP ETF Decision
To add to the list of developments in the XRP ecosystem this week in crypto, the US SEC delayed its decision on a prospective XRP ETF until June 17.
Before this news broke, crypto market participants awaited the final decision of XRP, Dogecoin (DOGE), and Ethereum staking ETFs. However, these were all put off.
“These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the XRP spot ETF, [I am] eyeing mid-October, around the 18th, as a final decision deadline. It’s possible the SEC won’t take all that time to make its decision, but a lot will hinge on how actively they engage on the applications,” Seyffart explained.
For now, over 70 active ETF proposals await the securities regulator’s verdict. XRP ETF’s June deadline is not final, but the commission could still enact further delays until mid-October.
Meanwhile, data from Polymarket shows that bettors see a 34% chance that the financial instrument will be approved by July 31.
The White House hosted its first-ever crypto summit on March 7, 2025, marking a pivotal moment in the U.S. government’s stance toward digital assets. President Donald Trump, during the crypto summit, unveiled a series of major initiatives aimed at reshaping the crypto landscape in America.
With an audience of top executives from leading crypto companies including Ripple CEO Brad Garlinghouse, Donald Trump made it clear that his administration is set to bring a new era of support for the digital asset industry.
Donald Trump Promises End of Operation Chokepoint 2.0
One of the key announcements at the crypto summit was President Donald Trump’s pledge to end “Operation Chokepoint 2.0.” This initiative had seen regulatory pressure on banks, leading them to close accounts of crypto businesses. Trump expressed strong disapproval of these actions, stating that the government had “weaponized” the banking system against the industry.
He assured crypto CEOs that this era of resistance would soon be over, emphasizing that the government’s stance on crypto would now be more favorable. The president also called for continued legislative efforts to provide regulatory certainty for the crypto market, particularly regarding stablecoins.
President Donald Trump highlighted the importance of stablecoin legislation, which he hopes to sign before Congress goes on its summer break in August. He noted that the growth and innovation in the financial sector would benefit from clear rules surrounding these assets. Many of the major players in the crypto space, including executives from Coinbase, Gemini, and Ripple, were present at the summit, reinforcing the industry’s support for these developments.
Launch of Bitcoin Reserve Initiative
A major highlight of the crypto summit was reflecting on the announcement of a strategic Bitcoin reserve by the President Donald Trump’s administration yesterday. The reserve will be seeded with Bitcoin already held by the U.S. government, largely obtained through criminal and civil asset forfeitures.
The president referred to this reserve as a “digital Fort Knox for digital gold” and made it clear that the government would not sell the Bitcoin in its possession. This move is part of a broader strategy to position the U.S. as a leading nation in the cryptocurrency space.
President Donald Trump stressed that holding Bitcoin would not only serve as a store of value but would also demonstrate the U.S.’s commitment to the digital asset ecosystem.
“From this day on, America will follow the rule that every Bitcoiner knows very well: never sell your Bitcoin,” he said.
The reserve is expected to play a significant role in the government’s strategy for managing its digital asset holdings. It is worth noting that the reserve’s creation does not involve taxpayer money, as the Bitcoin being held was obtained through non-taxpayer sources.
Future Expansion of the U.S. Crypto Stockpile
Alongside the Bitcoin reserve, Trump’s administration revealed plans to create a broader U.S. crypto stockpile. This stockpile will include digital assets beyond Bitcoin, with the U.S. government maintaining a reserve of assets seized through criminal or civil proceedings.
Although Bitcoin is the primary focus for now, the government may consider adding other digital assets such as Ethereum, XRP, Solana, and Cardano in the future.
The strategic intent behind these initiatives is to position the U.S. government to benefit from the long-term potential of digital assets. President Donald Trump’s administration views digital assets, particularly Bitcoin, as valuable for both economic growth and innovation. As part of the strategy, officials have also stated that no taxpayer funds will be used for future acquisitions of Bitcoin or other digital assets. Treasury Secretary Scott Bessent mentioned that the reserve would begin with seized assets but could expand further depending on future government decisions.
Concurrently, throughout the crypto summit, President Donald Trump expressed his support for legislative efforts aimed at clarifying the regulatory framework for the cryptocurrency industry. In addition, the president urged lawmakers to continue their efforts, acknowledging the importance of getting the regulatory landscape right to foster economic growth and innovation.
However, not all reactions to the crypto summit were positive. Economist and financial commentator Peter Schiff, a vocal critic of cryptocurrencies, took to X to express his displeasure. He said;
“The crypto summit is a disgrace. It’s a national embarrassment. The crypto faction that has captured the White House is precisely what our Founding Fathers warned us about. It will be a blight on whatever legacy Trump leaves and marks a low point for the presidency and the U.S.A.”
Analysts project Pepe (PEPE) could surge 10x by 2025, fueled by staking programs and exchange listings. Yet, experts agree Rexas Finance (RXS)—a $0.20 presale token—holds potential to outpace PEPE, Dogecoin, and Shiba Inu combined. With RXS poised to bridge real-world assets like real estate and gold to blockchain, its presale has already surged 6.6x, raising over $47 million. As PEPE rides meme-driven hype, Rexas Finance taps into a $16 trillion real-world asset market, positioning itself as the breakthrough crypto of 2025.
Rexas Finance transforms how global investors access high-value assets. By tokenizing real estate, commodities, and art on the blockchain, RXS removes geographical and financial barriers. Imagine a retail investor in Nigeria owning 5% of a Parisian apartment or a student in Brazil earning passive income from fractional ownership of Dubai commercial property. Rexas makes this possible through its ERC-20 token, enabling seamless fractional ownership and trading of physical assets.
The platform’s Token Builder lets users convert any real-world asset into digital tokens within minutes. Coupled with the Rexas Launchpad, startups and asset owners raise funds globally, democratizing access to capital. Tools like QuickMint Bot simplify token creation, while AI Shield and GenAI enhance security and asset management. This ecosystem positions RXS not as a speculative token but as a utility powerhouse reshaping trillion-dollar industries.
The RXS Presale Momentum
Rexas Finance chose public presale over VC funding, reserving 50% of its 1 billion tokens for community access. Stages 1–11 sold out rapidly, raising $41 million. Currently in its final stage, RXS costs $0.20—a 580% jump from its initial $0.03. With 91.2% of presale tokens claimed, the $56 million target nears completion. Post-presale, RXS lists at $0.25 in 2025 on three top-tier exchanges, with analysts forecasting a climb to $10+—a 50x gain from today’s price. A significant transaction involving 1,000,000 RXS ($200,000) was recently recorded on Etherscan.
The funds were transferred to a whale wallet, indicating a major accumulation move. Such large-scale purchases often signal confidence in the asset’s future growth, prompting market participants to take notice. The project’s CertiK audit ensures smart contract reliability, while CoinMarketCap and CoinGecko listings amplify visibility to 100M+ monthly users. A $1M giveaway—distributing $50,000 each to 20 winners—fuels urgency, with entries surpassing 1.2 million. Unlike meme coins reliant on hype, RXS gains traction through tangible use cases and investor trust.
Rexas Finance’s Path to Dominance
RXS’s tokenomics prioritize sustainability: 15% liquidity ensures stable trading, 22.5% staking rewards long-term holders, and 10% treasury funds innovation. Early buyers at $0.20 could see life-changing returns if RXS hits $7–$10 post-launch. For context, a $5,000 investment today might exceed $250,000 within months. While PEPE’s 10x potential excites traders, its lack of real-world utility limits longevity.
Rexas, however, merges blockchain with physical asset markets—offering stability amid crypto volatility. As institutional investors flock to tokenized assets, RXS stands at the forefront of this financial shift. Pepe’s 2025 rally may create millionaires, but Rexas Finance promises far greater upside. By unlocking access to global real estate and commodities, RXS transcends meme coin speculation, offering a concrete bridge between crypto and tangible wealth.
With its presale ending soon and exchange listings imminent, the window to secure RXS at $0.20 is narrowing. Investors eyeing 50x gains must act before June 2025—Rexas Finance isn’t just another token; it’s the key to the next evolution of blockchain adoption.
For more information about Rexas Finance (RXS) visit the links below:
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Analysts project Pepe (PEPE) could surge 10x by 2025, fueled by staking programs and exchange listings. Yet, experts agree Rexas Finance (RXS)—a $0.20 presale token—holds potential to outpace PEPE, Dogecoin, and Shiba Inu combined. With RXS poised to bridge real-world assets like real estate and gold to blockchain, its presale has already surged 6.6x, raising …
