XRP

Jun 4, 2025

XRP spot ETF approval odds surge to 92% for 2025

ETF, Regulation & Policy, XRP ETF, Ripple, XRP

XRP ETF probability in 2025 increased to 92%, according to data from Polymarket, due to the shift in market sentiment.

The odds have increased by 22% since early May, with more investors putting more money into approval of an ETF in 2025. Investor excitement around a potential spot XRP ETF is at an all-time high, fueled by recent regulatory, legal, and technological victories that have renewed optimism for its approval in 2025.

Crypto investors reveal their enthusiasm on XRP ETF approval as odds surge to 92%

Earlier, the SEC delayed making a decision on the CoinShares spot ETF application, deeming investor enthusiasm. Last week, ETF odds were at 83% due to the delayed SEC decision.

Despite this, all eyes are on the US Securities and Exchange Commission (SEC), especially since the agency is widely expected to approve an XRP ETF before the end of the year.

The renewed optimism on Polymarket stems from multiple factors—chief among them being the increasing number of XRP ETF applications currently under SEC review, which is tipping the odds in favor of approval in 2025.

Asset managers, including Bitwise, 21Shares, Canary Capital, Grayscale, and Franklin Templeton, have applications for an XRP ETF, and the market anticipates approval this year.

Notably, the major factor behind this excitement is partly because of better relations with Ripple Labs and the SEC. In March 2025, the SEC dropped its years-long lawsuit against Ripple, finally removing a major legal overhang that loomed over the future of XRP.

However, Ripple and the SEC were left to ponder the decision after Judge Torres declined to sign the amended settlement on the grounds of a filing mistake. That has not prevented cryptocurrency investors from finding the fun side of the win from XRP Spot ETF approval in 2025.

Analysts anticipate XRP ETF approval will greatly affect the XRP price

The successes with future products are also helping to increase fan enthusiasm for a pure-play ETF. CME Group’s XRP Futures ETF hit the market in mid-May with remarkable statistics, indicating market maturity.

The optimism for SEC approval in 2025 is gaining traction following Ripple’s wins. A Dubai RLUSD’s approval by financial authorities after a tough licensing process adds to the impressive haul.

Ripple can now integrate RLUSD into the DFSA-licensed payments platform, which uses the XRP Ledger to connect a global payout network. RLUSD provides key benefits like cheaper payment costs, faster settlement times, and regulatory clarity.

Adding to the excitement, crypto exchange Uphold and Flare Networks recently unveiled plans for a DeFi-focused XRP ETF. Meanwhile, Crypto.com has entered the fray with its own XRP ETF product, further boosting investor enthusiasm and raising expectations for a full-fledged spot ETF approval.

However, analysts have contended that the XRP price is expected to be significantly impacted by approving a spot XRP ETF in 2025. With the odds surging, XRP gave a buy signal, gaining close to 6% over the past 24 hours.

According to data from CoinMarketCap, the XRP is currently trading at $2.25, reflecting a 1.63% increase in the past 24 hours.

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May 31, 2025

Uphold to launch XRP staking on Flare Network

DeFi, Exchange News, XRP Crypto Debit Card, DeFi, Flare Network, Staking, Uphold, USDT, XRP

Uphold stated it is seeking options to earn a yield on $XRP. They are experimenting with XRP staking via Flare Networks.

The company shared an X post: “Welcome to smart contracts and DeFi opportunities, #XRPArmy. The company then asked its users to “Stay tuned for the beta.”

Uphold intends to take root in the US in following Trump’s pro-crypto stance

In the last quarter of 2023, Uphold released Vault, a self-custodianship wallet that the company says empowers user to have more ownership of their digital assets. The wallet launched initially with XRP as an option, in keeping with Uphold’s existing dedication to the token.

The company has also highlighted the Flare Network (an EVM-compatible Layer 1 blockchain emphasizing cross-chain interoperability). The recent release of USDT₀, an omnichain variant of Tether’s USDT on Flare, has massively increased the network’s TVL, indicating surging demand for cross-chain DeFi utility.

Uphold is further expanding its users’ functionality with the re-launch of its crypto debit card, which is available in the UK and US. It plans to extend the offering to other countries soon. The card (available in a virtual and physical version) offers people a way to spend digital currencies directly from their wallets and thus use crypto more as everyday money.

The company’s broader push into the US market reflects a wider trend among crypto firms looking to capitalize on a more favorable regulatory climate under President Donald Trump’s administration. Uphold appears keen to position itself at the forefront of this shift.

In March, Uphold reinstated staking rewards for US customers on 19 digital assets such as Ethereum, Solana, and NEAR.

Concerning this, Uphold CEO Simon McLoughlin highlighted that staking is important in how blockchain works and the online economy. Based on his argument, users should be able to back this activity and earn rewards. He further stated that with the new focus on blockchain in the US, they are excited to provide staking services to their customers in the US once more.

Building on that momentum, Uphold announced on May 30 that it will soon offer direct deposits with integrated rewards for US users. This feature includes a “Direct Salary Deposit” option, paired with the industry’s first 4% XRP-back reward. Additionally, users can earn 5% rewards on RLUSD, Ripple’s new USD-backed stablecoin.

Through a mix of DeFi integrations, payment tools, and rewards, Uphold is aggressively expanding its footprint in the US while bringing greater utility to XRP and other digital assets.

Uphold disabled staking amid regulatory uncertainties

As of 2023, Uphold did not offer staking services in the US due to regulatory uncertainty surrounding crypto staking. According to an SEC complaint, many staking firms failed to provide adequate information to clients, particularly regarding how they secured staked assets.

The SEC also considered whether staking services could be considered unregistered securities offerings. Accordingly, many companies were forced to cease or limit their staking activities in the United States.

One prime instance of this regulatory force was the SEC’s $30 million settlement with Kraken, one of the largest crypto exchanges, for unauthorized staking services. This high-profile case was a cautionary tale to the whole industry. It might have factored in Uphold’s decision to pause their staking offerings, shedding some light on why many companies still hesitate to offer staking services.

Uphold’s recent consideration to take root in the US in the staking sector marks a significant milestone in the crypto community. This is because as investors earn passive income through staking, liquidity, and stability will be achieved, thus representing a giant bet on cryptocurrencies.

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May 31, 2025

Ripple CLO backs CLARITY Act to clear crypto chaos

Legal & Crime, Regulation & Policy, XRP Bipartisan, CFTC, CLARITY Act, Crypto Regulation, Digital Assets, Ripple, SEC, Stuart Alderoty

Ripple’s Chief Legal Officer, Stuart Alderoty, has publicly endorsed the newly introduced Digital Asset Market Clarity Act (CLARITY Act).

He calls it a significant step toward establishing a clear and consistent regulatory framework for cryptocurrencies in the United States.

Alderoty argued that “Clarity shouldn’t be controversial” and that the bill would allow for a practical and intelligent regulatory environment.

The Ripple’s Chief Legal Officer thanked some prominent lawmakers for their role in leading the charge. This list includes Representatives French Hill, Congressman Glenn Thompson, Angie Craig, the GOP Majority Whip Dusty Johnson, Don Davis, Bryan Steil, Ritchie, and Davidson.

Their work underscores the need for new regulatory guidelines that can be spun up and revised quickly as the digital assets space accelerates. Rep. Bryan Steil released the following statement regarding the CLARITY Act on X.

The post mentions that the bill is designed to bring clarity to digital assets during this golden period. Supporters of the bill are united by a desire to enable the digital assets sector to expand by establishing a trustworthy and predictable set of laws. Right now, businesses and investors are often uncertain about which of their activities may delay the future of the industry.

Bipartisan CLARITY Act redefines crypto oversight

Introduced on May 29, 2025, by members of Congress from both sides of the aisle, the CLARITY Act seeks to clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. The bill is looking to categorize most cryptocurrencies as virtual commodities overseen by the CFTC rather than as a security regime, as is the current practice of the SEC.

With the rising use of digital assets, now is a good moment for such a move. This is because their increasing adoption and market maturity offer opportunities for broader economic integration. The rising use of these assets is also a concept shared by MicroStrategy executive chairman Michael Saylor.

Alderoty noted the bill’s significance in bringing “long-overdue clarity” to the digital asset landscape. The bill, he said, takes the industry closer to a “smart, workable framework” that creates an equilibrium between innovation and consumer protection.

CLARITY Act safe harbor advances as Ripple calls for clear crypto rules

The CLARITY Act also introduces a four-year safe harbor provision for primary token offerings if the underlying network reaches a “mature blockchain system” status and the total raise stays below $75 million during any 12-month window.

Alderoty also supported the CLARITY Act, as Ripple remains committed to advocating for regulatory clarity regarding the cryptocurrency industry.

He has sent a letter to the SEC requesting the commission to clarify when a digital asset ceases to be an investment contract. Not all of them, he contended, should be subject to the same securities regulations — especially not on secondary market transactions — and he offered a safe harbor to shield compliant crypto issuers from enforcement risk.

As XRP regains attention as a top crypto buy with the Ripple SEC lawsuit nearing resolution, uncertainty lingers following SEC Commissioner Hester Peirce’s recent “New Paradigm” speech.

Ripple’s letter directly responds to the pivotal question posed in the speech: “When does a digital asset separate from an investment contract?”

Ripple referenced established securities law analysis from legal experts like Lewis Cohen in its response. Cohen’s analysis contends that current US investment contract law does not consider routine transfers of most fungible crypto assets in secondary markets as securities.

With the CLARITY Act, the US may finally start taking concrete steps to provide regulatory clarity for the crypto industry.

While the bill gets consideration in the legislative committee, its passage would lay a benchmark for the future of how US regulators will oversee digital assets.

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