XRP has been in the crypto world for over a decade, and despite many challenges, it’s still standing. Recently, Dan Tapiero—founder of 10T Holdings and a long-time investor—shared his thoughts on XRP, praising its ability to survive in a tough and fast-changing industry.
In an interview with CoinDesk, he said that, “One very impressive thing about XRP is just how long it’s lasted, how many times it’s come under attack. It’s the Lindy effect—the longer it exists, the stronger it becomes.”
A History of Scrutiny and Survival
XRP’s journey has been anything but smooth. Its parent company, Ripple Labs, has faced fierce criticism and legal challenges—including a high-profile lawsuit from the U.S. Securities and Exchange Commission (SEC) that resulted in XRP being delisted from several major U.S. exchanges. For a time, it looked like XRP might fade into obscurity.
But the token didn’t disappear. It bounced back.
Despite detractors—particularly among Bitcoin maximalists and Ethereum loyalists—XRP has retained a passionate community and continued use cases.
ETFs and the American Edge
Recent chatter around ProShares launching XRP ETFs has sparked fresh interest, though it’s met with mixed reactions in the crypto community. Tapiero points out that while Bitcoin and Ethereum dominate headlines, XRP is carving out a unique identity—and doing so from U.S. soil. “It’s made in America. And with this administration, that matters,” he said.
A Personal Connection
Tapiero’s connection to XRP runs deep. His first crypto trades were in Bitcoin and XRP, executed via a platform then called BitReserve—now known as Uphold. His gold firm, Gold Bullion International (GBI), was the first to let users trade gold for XRP and Bitcoin.
Back then, XRP traded at a tenth of a cent. Today, it fluctuates around $2.00 depending on market cycles. Looking back, Tapiero admits he didn’t fully understand XRP at the time and didn’t hold onto it long-term. But his takeaway is one many in the space can relate to:
“Just because you didn’t buy it at a tenth of a cent doesn’t mean you couldn’t buy it at one cent, or ten cents. If you believe in something, never give up on it.”
Crypto lender Nexo, which manages $11 billion in assets, announces return to the US after regulatory exit in late 2022
Nexo’s return to the American market has become possible thanks to the changes in crypto industry regulations under the Donald Trump administration.
Nexo Is Coming Back to the US – Why It Matters
Nexo co-founder Antoni Trenchev announced the return during an exclusive business event attended by Donald Trump Jr., a vocal supporter of the crypto industry. The gathering underscored the growing political support for digital assets in the US.
“America is back — and so is Nexo. Thanks to the vision and leadership of President Donald J. Trump, his administration, and his family, the United States is once again a place where innovation is championed, not stifled. A place where pioneers are celebrated. Nexo is returning to America — stronger, smarter, and determined to win,” Trenchev said.
Donald Trump Jr. reinforced this sentiment, stating:
“Crypto is the future of finance. We must bring this innovation back to American soil to maintain our economic leadership.”
US users will regain access to all Nexo services, including:
High-yield crypto savings accounts
Asset-backed credit lines
Advanced trading
Institutional-grade liquidity solutions
Over the past week, the network’s native token, NEXO, surged by more than 12%, and the positive sentiment continued today following the news. Its market cap stands at $1.2 billion.
It exited the US in 2022 due to regulatory pressure. The SEC and several states (New York, Kentucky, and Vermont) accused Nexo of offering unregistered securities through its Earn Interest products. The crypto lender later agreed to pay a $45 million fine and discontinued services for US customers.
Now, with a more favorable regulatory climate, Nexo’s return marks a pivotal shift. The platform now aims to reinforce its mission of empowering users to grow and preserve crypto wealth with secure, tailored solutions.
Nexo CEO Antoni Trenchev with Donald Trump Jr. Source: BeInCrypto
Under Trump’s leadership, US regulators appear more open to crypto innovation, potentially paving the way for other exiled platforms to return. Recently, crypto market maker DWF Labs also announced its entry into the US market.
JPMorgan Chase is reportedly considering offering loans backed by bitcoin and ethereum holdings, potentially marking a first among major US banks.
This move comes as regulators clarify that banks may offer digital asset services if they meet strict compliance standards.
JPMorgan’s Potential Crypto Lending Initiative in Focus
According to The Financial Times, JPMorgan is exploring loans secured by clients’ crypto assets. Although the plan is in early stages, industry experts call it a significant development.
JPMorgan may launch these crypto‑backed loans as soon as next year, the report said.
If it moves forward, customers could use Bitcoin, Ethereum, or similar assets as collateral for loans. While discussions are ongoing, no launch date or official confirmation appears on JPMorgan’s website.
This step could reshape how digital assets interact with traditional banking. Fintech startups already offer crypto-backed loans, but when trusted names like JPMorgan explore the space, mainstream acceptance may accelerate. Interest in crypto custody and lending is growing among large institutions.
JPMorgan’s crypto involvement reflects a broader industry trend as US banks adapt to clearer rules. Now, traditional institutions are pursuing services once limited to crypto-native firms.
Regulatory Shifts Open the Door for Banks
The ability for banks to provide crypto-collateralized loans depends on regulatory guidelines. In April 2025, the Federal Reserve revised its approach, removing major barriers for national banks.
The Federal Reserve’s announcement confirms that prior requirements for explicit approval of crypto activity were dropped. As a result, banks may now offer crypto services as long as they uphold safety and compliance.
Similarly, the Office of the Comptroller of the Currency (OCC) affirmed in March 2025 that national banks may handle crypto custody and related activities. The OCC noted that these ventures, including crypto-collateralized lending, are permitted only with strict risk controls and routine regulatory oversight.
No explicit restrictions for crypto-backed loans exist today, but each bank must notify regulators and demonstrate strong risk management. This new flexibility allows well-funded institutions to pilot digital asset services.
Mainstream banks now hold advantages over newer crypto lenders. With established custody operations and rigorous compliance standards, they may offer lower rates or greater safety to clients seeking crypto-backed loans.
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.
