The recent ruling by a US judge that XRP is not a security and the acceptance of BlackRock's bitcoin ETF application by the SEC has caused a 25% surge in XRP's price and increased volatility in digital assets. According to Greg Magadini from Amberdata, regulatory events have a significant impact on prices and movement in the crypto market.

As regulatory clarity around crypto increases and a potential spot ETF approval looms, the second half of 2023 may see a shift towards higher beta altcoins. Advisors investing in crypto for their clients' retirement accounts should ensure proper licensing and consider tracking differences and fee structures. Additionally, Pantera Capital's founder predicts a coming bull market and the SEC has moved BlackRock's Bitcoin ETF application to the next stage of consideration.