SEC Approves Evernorth's Merger Plans, Bringing Ripple a Step Closer to Its XRP Treasury

XRP (XRP) has rallied after Ripple-backed Evernorth Holdings received approval from the US SEC for its proposed merger with Armada Acquisition Corp II and listing on Nasdaq. This development brings Evernorth one step closer to launching its proposed XRP treasury.

The SEC's approval is a significant milestone for Evernorth, allowing it to move forward with its plans to list on the Nasdaq exchange. The company will now hold a shareholder vote on September 30 to finalize the merger and listing.