2 Major Key Events on April 16: Ripple vs SEC Settlement and Powell’s Speech Impacting Crypto Assets

April 16, 2025 – Today could be a major moment for the crypto market as two important events unfold: the possible end of the long-running Ripple vs. SEC lawsuit and a closely watched speech by Federal Reserve Chair Jerome Powell. Both are happening on the same day – and both carry the potential to move markets in a big way.

On one side, a legal battle that’s stretched nearly a decade may finally be closing. On the other, a key update from the Fed could shape how investors position themselves for the rest of the year.

Ripple vs SEC Lawsuit Update

After nearly 10 years of legal back-and-forth, the Ripple vs. SEC case might finally be resolved. April 16 was Ripple’s final deadline to file its appellate brief. Since no extension was granted, the company had only two choices: file the brief or settle the case.

Sources close to the situation say a settlement has been reached. As part of the reported deal, the SEC has dropped its appeal, and Ripple has agreed to pay a $50 million fine and withdraw its own counter-appeal. Importantly, there will be no official ruling that classifies XRP as a security – something many in the XRP community see as a major win.

Settlement Was the Most Likely Path

Attorney Fred Rispoli posted on X that Ripple had just two options by the April 16 deadline. Since asking for more time wasn’t possible, the company could either go ahead with its appeal – which he gave only a 10% chance, or reach a settlement or withdrawal, which he saw as 90% likely. His prediction appears to have been accurate.

Powell’s Speech: Will There Be Hints on Rate Cuts?

Later today, Federal Reserve Chair Jerome Powell is set to deliver a speech at the Economic Club of Later today, Fed Chair Jerome Powell will speak at the Economic Club of Chicago. With inflation cooling and pressure building in this election year, markets are eager to hear any signals about the Fed’s plans for interest rates.

Right now, expectations are:

• Two rate cuts in 2025
• Possibly starting in June or September

However, Powell has continued to stress caution, pointing to ongoing inflation concerns and global uncertainty. Whether his speech leans dovish or hawkish could have a strong effect on Bitcoin, XRP, and the broader financial markets.

With two major pieces of the puzzle falling into place, investors won’t have to wait long to see how the market responds.