XRP Hits Exact Bull Target as Top Traders Celebrate Perfect Market Call

The United States Securities and Exchange Commission will not press charges against Fuse Energy. The SEC’s Division of Corporation Finance announced on Monday that it will not recommend enforcement action to the commission regarding its native token sale 

Why the SEC Issued a No-action Letter to Fuse Crypto

The SEC issued Fuse crypto with a no-action letter since its native token dubbed ENERGY does not satisfy its securities laws. Precisely, the SEC agreed that the ENERGY token does not fail the Howey test, thus not a security

The attorneys representing Fuse Crypto noted that investors of Fuse through ENERGY do not expect any profit from the company. Instead, the attorneys argued that ENERGY investors derive their value from the consumer utility in the Fuse network, and not the success of the network.

“The Energy Network is built to help scale our grids… As our energy systems strain, The Energy Network and $ENERGY introduce a fair, intelligent framework that recognises and rewards those who support the grid when it’s needed most,” Fuse Energy said.

Altcoin Market Gradually Wins Amid Stalling of Clarity Act

The ruling by the SEC is a welcome addition to the altcoin market, especially amid the stalling of the Clarity Act by the lawmakers. The SEC has already issued several no-action letters to the crypto industry year-to-date.

With Fuse Energy running on the Solana network, the ruling will heavily impact its utility coins. Furthermore, the U.S. lawmakers are likely to enact the Clarity Act next year ahead of the mid-term elections, according to Senator Tim Scott.

World Liberty Financial co-founder Chase Herro's irreverent statement that even canned feces will sell to the right audience is being put to the test.

On Monday, World Liberty, the crypto project linked to President Donald Trump's family, said it would invest in the "Sh*t P*ss Skin Can" memecoin — briefly causing the token to surge at least 143%, according to DEX Screener data.

SPSC is reportedly an homage to Herro, who reportedly said in 2018 even "sh*t in a can, wrapped in p*ss, covered in human skin" could sell for "$1 billion if the story is right."

"Buying $SPSC because the trenches finally found religion in USD1 memes," World Liberty posted from its official account on X. "If they’re gonna make a coin in honor of our WLFI Co-Founder… we’re in 🦅☝️" Herro later reposted the message, along with an emoji of a can.

The memecoin rallied following the post before flushing out. It is currently up 130% on the day, trading hands around $0.0063 with a $6.8 million market capitalization.

XRP jumped more than 9% to $2.27 after Franklin Templeton and Grayscale launched their spot XRP ETF on Monday. The $1.69 trillion asset manager joined Bitwise, Grayscale, and Canary Capital in offering regulated XRP investment products, calling XRP “foundational” for global settlement infrastructure.

This wave of ETF launches marks a turning point for XRP. After regulatory uncertainty faded with Ripple’s SEC settlement earlier in 2025, institutional interest is surging.

Wave of Institutional ETF Launches Signals Market Maturity

Franklin Templeton debuted the Franklin XRP ETF (XRPZ) on NYSE Arca, offering regulated XRP exposure through a grantor trust. The fund tracks the CME CF XRP-Dollar Reference Rate and uses Coinbase Custody as custodian, with BNY Mellon as administrator. According to Franklin Templeton’s announcement, the ETF allows investors to follow XRP’s performance transparently, without buying the cryptocurrency directly.

Grayscale has also launched its XRP Trust ETF (GXRP) with a zero-fee introductory period, highlighting XRP’s strong market position.

Bitwise, which launched its XRP ETF a week earlier, reported $100 million in initial inflows. The clustering of ETF launches signals that asset managers were prepared for regulatory clarity, which arrived from the SEC in 2025.

Regulatory Resolution Paves Way for Wall Street Entry

Ripple’s $125 million settlement with the Securities and Exchange Commission in May 2025 ended years of uncertainty. SEC statements confirm that Ripple resolved all claims without admitting wrongdoing, paid $50 million directly to the agency, and had the rest released from escrow. This resolution gave large financial institutions the assurance needed to pursue spot ETFs.

Franklin Templeton’s participation is notable for its size, lending credibility to XRP’s story as a payment utility. Investors can now access XRP through regulated products managed by well-known custodians and with clear transparency.

Still, prospectuses caution that risks remain, including XRP’s volatility, limited diversification, and regulatory uncertainty abroad. The ETF holds only XRP and cash, making it unsuitable as a standalone investment.

XRP’s Technical Advantages Drive Institutional Interest

XRP runs on the decentralized XRP Ledger (XRPL), designed for rapid payment settlement. XRPL documentation highlights near-instant, low-fee transactions and notes that over 3.3 billion transfers have beenprocessed on the network.

XRPL’s consensus system is said to be energy efficient, settling transactions in three to five seconds. These features attract institutions seeking alternatives to SWIFT and traditional cross-border systems.

Franklin Templeton’s prospectus and Grayscale Research both stress XRP’s usefulness as a currency bridge and for efficient, scalable transfers. With these characteristics, XRP sets itself apart from cryptocurrencies like Bitcoin, which mainly serve as a store of value.

The current rally coincides with rising open interest in XRP futures, pointing to growing involvement from institutional and retail traders and suggesting sustained market activity.

Geopolitical Dimensions and China Exposure Speculation

Some analysts believe XRP could play a role in new cross-border payment corridors, including those in Asia, the Middle East, and Africa. Black Swan Capitalist has argued that China has indirect exposure to XRP through the BRICS New Development Bank and leading Japanese fintech SBI Holdings. However, direct adoption remains limited by Chinese policies.

BRICS business council recommendations from April 2025 urged support for cross-border digital settlements — a theme in line with XRP’s core design, despite no explicit mention of the cryptocurrency. The recommendations highlight a growing need for efficient digital payment systems.

The European Central Bank is also examining cross-border payment infrastructure. Project Nexus was discussed during an April 2025 speech about linking payment systems in Asia and Europe. These trends echo the global relevance of the XRP Ledger’s use cases.

The Securities and Exchange Commission’s Division of Corporation Finance has issued a no-action letter to Fuse Crypto Limited, granting the company relief related to its FUSE token, which rewards customers for participating in electricity-sustainability programs.

The unit said it would not recommend an enforcement action to the full commission if Fuse offers and sells its token. Last week, the energy technology startup asked the SEC to confirm that Fuse tokens are not securities. 

"This position is based on the representations made to the Division in your letter," the SEC's Division of Corporation Finance said in a statement on Monday. "Any different facts or conditions might require the Division to reach a different conclusion."

This marks the second token-related no-action letter in recent months. In September, the agency issued a letter to DePIN project DoubleZero regarding its distribution of 2Z token.

The SEC has taken a friendlier approach to the digital asset industry over the past year under the Trump administration. The agency has since hosted crypto roundtables, dropped investigations into crypto firms, and embarked on "Project Crypto" to update its rules for digital assets. Earlier this month, SEC Chair Paul Atkins also unveiled plans for a "token taxonomy" to delineate between what cryptocurrencies would be securities.

Fuse operates electricity businesses in the U.S. and installs electric vehicle chargers, rooftop solar, and other green tech devices. In its Nov. 19 letter, the firm said it uses blockchain technology to help "decongest the electricity grid." Fuse's customers can earn FUSE tokens by installing rooftop setups. 

"The rollout of additional decentralized energy generation and smart grid technologies creates a growing need for incentives that drive intelligent energy usage," Fuse said in the letter. "The Tokens align with this trend by offering a flexible, scalable consumptive rewards system that benefits both users and the energy infrastructure."

Fuse said it didn't believe that its token should be considered a security because it is not an investment contract. The SEC has often relied on the Howey test, which is based on a 1946 U.S. Supreme Court case, to determine if an asset qualifies as an investment contract and, therefore, a security. 

"In particular, we conclude that the Token is not an investment contract, and consequently not a security, because consumers will earn Tokens for their own consumption and not based on a reasonable expectation of profit from the efforts of Fuse or others," the group said in its letter. 

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The Chief Executive Officer (CEO) of Teucrium Trading, Sal Gilbertie, has given a bold endorsement of Ripple and XRP, positioning the crypto payments company as a potential competitor to JPMorgan Chase. He described Ripple as a highly interconnected ecosystem that could scale globally once it acquires a banking license. As Ripple grows to challenge the largest bank in the US, it raises the question about how its rapidly expanding network could also rival legacy banking systems like SWIFT.

Ripple Positioned As New JPMorgan And SWIFT Rival

Crypto enthusiast and XRP advocate Diana recently shared a striking interview between Paul Barron, founder of the Paul Barron Network, and Gilbertie. In the interview, the Teucrium Trading CEO shared his perspective on Ripple, showing full support for the crypto payment company’s growth and future potential. 

He explained that Ripple is actively building a fully operational financial institution capable of rivaling traditional banking giants like JPMorgan. The crypto payments company has also frequently been described as a competitor to SWIFT, positioning itself as a faster and more efficient alternative for cross-border payments.

Gilbertie stressed that once Ripple obtains a banking license, it would operate with the capitalization and operational discipline typically associated with top-tier banks. Notably, the crypto payments company has been seeking a US national banking charter from the Office of the Comptroller of the Currency (OCC) to establish a new national trust bank. If authorized, Ripple could become one of the first crypto-native companies to obtain a US national bank license.

Moving forward, Gilbertie said during the interview that XRP lies at the heart of this growing banking ecosystem. He noted that Ripple has no intention of selling XRP, describing the cryptocurrency as a strategic asset whose value is intended to appreciate over time through its use across the XRPL ecosystem. 

The Teucrium Trading CEO also called Ripple a “machine,” highlighting how the company operates in a disciplined, coordinated way, with its team growing and innovating while keeping the network strong and connected. Furthermore, he boldly claimed that Ripple is at the center of the universe, underscoring its pivotal role in potentially shaping the global banking landscape. 

Gilbertie’s Validation Confirms XRP’s Role

The interview between Gilbertie and Barron drew strong, supportive reactions from many members of the crypto community, who interpreted the Teucrium Trading CEO’s statement as validation of XRP’s evolving role in institutional finance. Observers noted that hearing a regulated TradFi CEO describe Ripple as a JPMorgan rival offered rare institutional recognition that went beyond the usual industry speculation. 

They also pointed out that the timing of this endorsement coincides with the upcoming full enforcement of ISO 20022 standards and rising XRP ETF inflows. Diana, the XRP advocate who shared the interview, echoed this view, emphasizing that Gilbertie’s statements signal that infrastructure, compliance, and institutional interest are all aligning. She noted that price movements typically follow institutional and infrastructure rails, suggesting that XRP may be positioned for substantial growth once these rails are fully in place.

Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions.

Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag.

Hashprice, which tracks miner revenue per unit of computing power, fell below $35 per hash, dropping under the $45/PH/s median total hashprice reported by public mining companies. The decline leaves several operators approaching breakeven levels.

The report noted that payback periods for mining rigs have stretched beyond 1,200 days, while financing costs continue to rise across the sector, adding further strain.