Chris Larsen, Executive Chairman and Co-founder of Ripple, is scheduled to meet with new SEC Chair Paul Atkins on May 2, 2025. This meeting could impact Ripple's ongoing legal battle with the SEC, a saga lasting several years.
Importance of the Meeting between Larsen and Atkins
The meeting occurs amidst Ripple’s ongoing legal challenges. Paul Atkins, a long-time figure in crypto regulation, has advocated for clearer regulatory frameworks and could foster discussions that support blockchain innovation.
Prospects for XRP ETF Approval
Bloomberg analyst Eric Balchunas recently indicated an 85% chance of XRP ETF approval by 2025. This would be a significant milestone for Ripple and could enhance investor confidence. Currently, XRP is trading around $2.23 but experienced fluctuations down to $2.12 as the SEC delayed its review of various crypto filings.
Future of the Ripple vs. SEC Case
While the meeting raises optimism, not all experts share the belief that a breakthrough is imminent. Former SEC attorney Marc Fagel expressed skepticism on social media, stating, 'No. That’s not how this works.' The official agenda of the meeting remains confidential, keeping the crypto community on high alert.
The meeting between Larsen and Atkins marks a potential turning point in the ongoing conflict between Ripple and the SEC. While hope abounds, a realistic perspective on possible outcomes is essential.
