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XRP ($3.09) has captured attention as it surpasses the $3 mark for the first time in seven years. This surge is bolstered by expectations of a potential exchange-traded fund (ETF) approval in 2025, along with the anticipated changes led by the U.S. Securities and Exchange Commission (SEC).
SEC’s Application Against Ripple
The SEC’s application against Ripple 
$3 focuses on specific sales and distributions rather than XRP’s security status. In 2023, the court confirmed that XRP does not constitute a separate investment contract, and therefore, does not fall under the security classification.
Shift in SEC’s Market Approach
Recent developments have prompted scrutiny of the SEC’s regulatory approach towards cryptocurrencies. A recent court ruling criticized the SEC’s guidance to Coinbase
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