The price of XRP has surged after Ripple CEO Brad Garlinghouse revealed that the U.S. Securities and Exchange Commission (SEC) will drop its lawsuit against the company, which is closely tied to the XRP ecosystem.

Volatility Shares is set to introduce the first U.S.-based Solana futures exchange-traded funds (ETFs) on March 20, allowing investors to gain exposure to the cryptocurrency without direct ownership.

Pakistan is drafting a regulatory framework for cryptocurrency trading in an effort to attract foreign investment and establish itself as a key player in the space, according to Bilal bin Saqib, Chief Executive Officer at Pakistan Crypto Council.

Top stories in the Crypto Roundup today:

• SEC To Drop Its Lawsuit Against Ripple, CEO Says
• Volatility Shares to Launch First U.S. Solana Futures ETFs
• Pakistan Moves Toward Crypto Regulation to Attract Foreign Investment

SEC To Drop Its Lawsuit Against Ripple

The price of XRP has surged after Ripple CEO Brad Garlinghouse revealed that the U.S. Securities and Exchange Commission (SEC) will drop its lawsuit against the company, which is closely tied to the XRP ecosystem.

The decision signals the likely end of a high-profile legal battle that started back in 2020, when the regulator sued Ripple for allegedly raising $1.3 billion through unregistered securities sales, alleging XRP was a security.

"This is it – the moment we’ve been waiting for. The SEC will drop its appeal," Garlinghouse posted on social media, calling it a “resounding victory for Ripple, for crypto, every way you look at it."

The SEC’s decision comes amid a broader shift in its approach to the crypto space. Following the departure of former Chair Gary Gensler, the agency has dropped multiple cases and investigations against crypto firms.

Volatility Shares to Launch First U.S. Solana Futures ETFs

Volatility Shares is set to introduce the first U.S.-based Solana futures exchange-traded funds (ETFs) on March 20, allowing investors to gain exposure to the cryptocurrency without direct ownership.

The firm, according to filings with the U.S. Securities and Exchange Commission, is launching two ETFs - the Volatility Shares Solana ETF (SOLZ) and the leveraged Volatility Shares 2X Solana ETF (SOLT).

SOLZ will carry a management fee of 0.95% until mid-2026, after which it will rise to 1.15%. Meanwhile SOLT, which aims to duplicate the performance of SOL, will carry a 1.85% fee.

The filings follow the Chicago Mercantile Exchange’s launch of SOL futures contracts on March 17, which saw a trading volume of approximately $12.1 million in their debut.

Pakistan Moves Toward Crypto Regulation to Attract Foreign Investment

Pakistan is drafting a regulatory framework for cryptocurrency trading in an effort to attract foreign investment and establish itself as a key player in the space, according to Bilal bin Saqib, Chief Executive Officer at Pakistan Crypto Council.

Despite warnings from the country’s central bank about the risks associated with cryptocurrencies, trading these tokens has remained popular in Pakistan, which according to Chainalysis data ranks ninth in terms of crypto adoption. It has an estimated 15 to 20 million active users.

“Pakistan is done sitting on the sidelines. We want to attract international investment because Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a Web3 native workforce ready to build,” Saqib said.

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