The U.S. Securities and Exchange Commission (SEC) is reportedly preparing to drop its lawsuit against Ripple Labs, which could have a substantial impact on the cryptocurrency market. Following this news, the price of XRP surged by 5%. Ripple is actively negotiating a settlement that may reshape crypto regulation. In a related development, Franklin Templeton has filed for an XRP exchange-traded fund (ETF), bringing the total number of firms seeking to launch XRP ETFs to nine, while major financial players like BlackRock remain inactive in this space. The SEC has recently concluded several other cases against various crypto entities, including Coinbase, Uniswap, and Binance, indicating a potential shift in regulatory stance towards the cryptocurrency sector.