By Chris Hollingworth 
Crypto investors received positive news this week as the US Securities and Exchange Commission (SEC) made a significant decision regarding one of the most controversial lawsuits in the crypto industry, involving Ripple Labs. After a legal battle lasting over four years, the SEC dismissed the lawsuit, bringing relief to Ripple and its supporters.
In another important regulatory development, Solana-based futures exchange-traded funds (ETFs) have made their debut in the US market. This move could potentially pave the way for the approval of spot Solana (SOL) ETFs, which industry experts view as the “next logical step” for lawmakers to consider.
Brad Garlinghouse, CEO of Ripple, hailed the SEC’s dismissal of the lawsuit as a “victory for the industry.” Speaking at Blockworks’ 2025 Digital Asset Summit in New York, Garlinghouse expressed his relief at the conclusion of the legal action against Ripple, which was initiated by the SEC over an alleged $1.3 billion unregistered securities offering in 2020.
Meanwhile, the crypto industry is anticipating the launch of the first SOL futures ETF, with Volatility Shares introducing two ETFs – the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT) on March 20. This move is expected to drive institutional adoption of the SOL token and potentially boost its market position by increasing demand and liquidity, which could help narrow the gap with Ethereum’s market cap.
Additionally, Pump.fun has recently unveiled its own decentralized exchange (DEX) called PumpSwap, a development that could potentially challenge Raydium as the primary trading venue for Solana-based memecoins. By migrating bonded Pump.fun tokens directly to PumpSwap, the platform aims to streamline the trading process and create a more efficient environment for coin trading.
In the aftermath of the historic cybertheft incident involving Bybit, blockchain investigators have reported that approximately 89% of the stolen $1.4 billion in crypto funds are still traceable. Efforts are ongoing to freeze and recover the funds, underscoring the industry’s commitment to combatting cybercrime and enhancing security measures.
