Ripple's legal officers are optimistic about the potential for improved conditions if charges from the SEC lawsuits against crypto businesses are reviewed under new leadership.
Ripple's Stance on SEC Suits
Stuart Alderoty, Ripple Labs' chief legal officer, expressed hope that under the potential new chair Paul Atkins, the SEC would reconsider suits against crypto firms not involving fraud, instead based on registration issues. Ripple continues to dispute a liability ruling issued in 2024.
Impact of Trump's Policies on Crypto Regulation
Ripple sees nothing but upside in the Trump administration's approach to crypto, citing steps such as an executive order to establish a working group on digital asset regulation and the SEC's crypto task force formation. CEO Brad Garlinghouse claimed that many US-based job openings were influenced by the 2024 election outcome.
Ripple's Political Involvement
It remains to be seen if Paul Atkins will secure Senate confirmation after his nomination by President Donald Trump. Alderoty mentioned that a Republican-dominated Congress might push forward a crypto market structure bill. The company and its leaders have actively participated in political activities through significant contributions and support to the new administration.
Ripple and its leaders express cautious optimism about a shift in the SEC's stance toward crypto companies, inspired by initiatives from the Trump administration and potential changes in the commission's leadership.
